Businesses slashed wholesale inventories sharply in December, a much weaker showing than expected and a troubling sign that
companies are still too pessimistic about the economy to begin restocking shelves.
January’s report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
An Indiana University prof thinks Indianapolis should anticipate a future without Indianapolis Motor Speedway, and a potentially
reduced Eli Lilly and Co.
The president’s budget offers tax cuts for businesses, including a $5,000 tax credit for hiring new workers this year, help
for the unemployed and $25 billion more for cash-strapped state governments. Job creation will take precedence over stemming
a surging deficit.
The president’s unemployment strategy is twofold: create jobs, and force Republicans to choose between helping Main Street
and Wall Street.
There’s more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending
increases.
The fate of a bill that would delay unemployment tax increases on businesses remains unclear in the Democrat-controlled Indiana
House.
The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week.
It’s the latest exhalation by a local hospital after massive
investment losses and a scary economy forced them to tighten their belts a year ago.
The Labor Department said Friday that employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected. But
the nation’s unemployment rate held steady at 10 percent.
The Labor Department said today that new claims for unemployment insurance fell by 22,000, to a seasonally adjusted 432,000,
the lowest since July 2008.
Multiple challenges remain,
no doubt. But I feel a whole lot better about our prospects than I did a year ago at this time.
We don’t support the library or most government services with adequate taxes.
The rise was fueled by a long-term outlook on jobs that reached its highest level in two years, but the reading of 52.9 is
still far short of the 90 that would signify a solid economy.
A rising stock market will prompt consumers to start spending again, says Barclays economist Dean Maki.
The decade ahead could be a brutal one for America’s unemployed—and for people with jobs hoping for pay raises.
A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute
to the rebound. The evidence signals a better-than-expected end to the year, though doubts remain about growth in 2010.
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
