State’s jobless rate dips slightly to 10.1 percent
Indiana’s unemployment rate in September was 0.1 percentage point lower than in August and the same as it was the same month last year. But it remains above the national rate of 9.6 percent.
Economy
Articles
MORRIS: Not all economic news is bad news
If we listen too much to the financial channels, it will make us want to bury our money in a hole in the yard and get a Rottweiler to guard it.
National jobless claims fall, but still elevated
Fewer people applied for unemployment benefits last week, but the drop wasn't enough to reverse a big increase the previous week.
Banks tread water as they wait for economy to improve
Banking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery. But in these times, recovery looks grimmer than one might expect.
Strategist: U.S. economy picking up pace, slowly
The economy is picking up its pace but not quickly enough to satisfy the public, Fifth Third Bank strategist John Augustine said Friday. It may not return to pre-recession levels until 2017.
HICKS: Why the stimulus didn’t stimulate enough
The failure of the American Recovery and Reinvestment Act to deliver us from high unemployment will provide research grist for economists for decades to come.
Economy too much for century-old lumberyard
A lumberyard and hardware store that survived the Great Depression and two World Wars has fallen victim to modern economic pressures and will close after more than a century.
New grads struggle to put education to work
In May, only one-quarter of 2010 college graduates who applied for a job actually received one, compared with more than half in 2007. About as many college graduates of all ages also are plagued by underemployment, working jobs below their skill level—including Butler grad Tom Otero.
Durable goods rise outside volatile transportation
The overall demand for durable goods fell 1.3 percent in August, the Commerce Department said Friday. But that was pulled down by a significant drop in orders for aircraft.
Mayors: Time to kick the unemployed in the keister
Marion's Wayne Seybold and Greenfield's Brad DeReamer say too many people would rather collect unemployment than look for work.
Machine-tool maker Hurco hopes trade show sparks sales
The Indianapolis-based maker of computerized metal-cutting tools piled up record profits in fiscal years 2005 through 2008, but now is trying to leave behind a second year of losses.
New venture capital firm off to blazingly fast start
Cultivian Ventures began investing in a no-man's land just as the financial crisis ramped up, and now it's already considering a second fund.
New filings for jobless benefits fall to two-month low
Even with latest decline, new filings for jobless benefits are still much higher than they would be if the economy is healthy.
National unemployment rate back on the rise
Overall, the economy lost 54,000 jobs as 114,000 temporary census positions came to an end. State and local governments shed 10,000 positions. The jobless rate rose to 9.6 percent from 9.5 percent in July.
Best real estate agents get severe haircuts
One perspective shows top-selling teams working just as hard to sell 27 percent less.
MORRIS: When does this movie end?
Lately, don’t you feel like yelling out the window on occasion, even
just a little? You have to really look to find the good news today.
New jobless claims drop for first time in 4 weeks
However, about 10.1 million people were receiving unemployment checks in the week ended Aug. 7, the latest data available.
That’s up about 260,000 from the previous week.
Durable goods orders tick up, but business spending slides
Without the volatile transportation sector, orders dropped 3.8 percent—the steepest decline since January. Businesses
spent less on equipment and machines. Orders for capital goods fell 8 percent.
Two reasons for optimism about a local housing recovery
Pending sales are shooting up this month, and list prices are edging up over the long haul, a broker notes.
Do manufacturers ever get to rest? (No.)
Manufacturers continue to wring more from less. But have the gains been worth the human cost?