Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than
they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried
to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.
Inflation causes lenders to raise interest rates. Businesses slow their borrowing, produce less and require fewer workers. Within a year or so, inflation becomes everyoneâ??s problem.
Company shuttering plant, moving work to Mexico.
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
Practices are beginning to thaw along with other areas of the economy.
Some observers think Bayh will run for governor again to springboard to the presidency. But to stand out to national, and
possibly even Hoosier, voters, he might be forced outside his cautious comfort zone.
The finished trail will be great. But the federal government is on a trajectory toward fiscal oblivion.
The economy is as good or better in Hendricks County than anywhere else in the Indianapolis area.
Programs will bolster job opportunities for some 1,700 Indiana workers in sectors including health care and advanced manufacturing.
Individual insurance rate hikes like those recently planned for WellPoint Inc.’s California customers might be unlikely to
spread to those covered through their employers. But such hikes will affect a huge number of Americans — the 46 million
with no insurance at all.
More industrial construction is going on in Indiana than in any nearby state.
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
Whether to delay increases in taxes that employers pay to Indiana’s unemployment insurance fund is becoming a
contentious issue in the General Assembly.
Kmart’s announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County,
where the city is located, already is strapped by steep job losses.
The number of newly laid-off workers seeking unemployment benefits fell sharply last week, a hopeful sign the job market may
be improving.
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.
