The economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended two years ago.
The number of people applying for unemployment benefits fell last week to the lowest level in seven weeks, although applications remain elevated.
The Indianapolis Star on Tuesday laid off 62 employees including more than 15 percent of its newsroom staff in the latest round of cost-cutting by Gannett Co. Inc., the newspaper's parent company.
Indiana’s unemployment rate remained unchanged in May from the previous month. Because the rate has been at or below 8.5 percent for three consecutive months, the state is no longer eligible for a portion of extended unemployment benefits.
Poverty in America is overwhelmingly caused by two things: failing to graduate from high school and single parenting.
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
Fewer than half generated revenue increases.
Corporations staged advances across a variety of industries in 2010 as the economy improved.
Despite enjoying rising revenues and profits, companies haven’t followed with big increases in job numbers.
Consumers are spending cautiously in the face of still-high gasoline and grocery-store prices, slowing economic growth. But some relief could be on the way.
The predictions of the economists reflect the jitteriness of a public that is still recovering from the financial crisis and now getting squeezed by rising prices for gas, groceries and other household items.
The Indiana Chamber of Commerce, which has overseen the Economic Club of Indiana for the last three and a half years, will end its relationship with the group after May's luncheon.
People talk about China’s continued economic growth almost as if it is a foregone conclusion, but not all economists are so sure.
With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.
Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the biggest rise in food prices in 36 years.
The unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
U.S. manufacturers expanded at the fastest pace in nearly 7 years last month, as factories continue to boost economic growth.
Activity won’t gain much steam until more entrepreneurs become optimistic, and optimism won’t materialize until the economy gets warmer, said John Barnard, managing director of Pearl Street Venture Funds.
The Consumer Confidence Index rose in February to its highest point in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed.
