The government reported Friday morning that the economy expanded at a 2-percent annual rate in the July-September quarter. It marked a slight improvement from the feeble 1.7-percent growth in the April-June quarter.
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.
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.
Fewer people applied for unemployment benefits last week, but the drop wasn't enough to reverse a big increase the previous week.
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.
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.
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.
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.
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.
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.
Marion's Wayne Seybold and Greenfield's Brad DeReamer say too many people would rather collect unemployment than look for work.
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.
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.
Even with latest decline, new filings for jobless benefits are still much higher than they would be if the economy is healthy.
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.
One perspective shows top-selling teams working just as hard to sell 27 percent less.
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.
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.
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.
Pending sales are shooting up this month, and list prices are edging up over the long haul, a broker notes.
