Trade deficit narrows unexpectedly to $30.7B
The U.S. trade deficit unexpectedly narrowed in August as exports posted a small gain, while imports fell on a big drop in
demand for foreign oil.
Economy
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New jobless claims fall to lowest level since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early
January, as layoffs eased a bit amid a fledgling economic recovery.
IU: Indiana economy turned in March
The Indiana economy turned up in March, but the recovery has been slow and dogged. That’s the picture painted by a new
monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
Noblesville sacks economic development director
Noblesville Mayor John Ditslear has fired the city’s economic development director, Kevin Kelly, after Kelly had
been on the job for about two years.
U.S. jobless rate reaches 9.8 percent in September
The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
HICKS: What a third-grader gets about economic policy
Business and people now, and in the future, will choose to locate
in places that have the right mix of taxes and public services.
Indy housing market getting some traction
The grueling years of the housing downturn in the Indianapolis area appear to be over, a real estate veteran says, but a full
recovery is one to two years away.
KATTERJOHN: Buy some underwear, men
It turns out the purchase of men’s underwear is an esoteric economic indicator for economists all over the world.
Alan Greenspan himself apparently considers it important. That was news to me.
Jobless claims, home sales drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
Bill extends jobless benefits in Indiana, 26 other states
With no end in sight to the country’s job market woes, the U.S. House has agreed to give the jobless in a majority of states,
including Indiana, another 13 weeks of unemployment insurance benefits.
State’s jobless rate dips, but decline could be temporary
Indiana’s unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce
Development said this morning, but the decline could just be a blip.
New jobless claims drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell last week to the lowest level since early July, possible
evidence that job cuts are slowing.
MANN: Commercial real estate is next mortgage crisis
The cresting wave of maturing commercial real estate debt is the second act in our nation’s credit crisis.
A beachhead in Warsaw
The launch of the orthopedics not-for-profit OrthoWorx is quite an accomplishment in Warsaw, where some of the world’s
biggest companies fight tooth-and-nail.
MARCUS: State’s long-term job deficit tops 800,000
Recently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s
metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
Recession likely over in Indiana
More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a
quick recovery.
For the jobless, Labor Day is not much of a holiday
The nearly 15 million unemployed Americans won’t enjoy Labor Day as a relaxing respite from work. Instead, they’ll once again
need to prepare to get up, hit the pavement and keep hunting for a job.
National jobless rate hits 26-year high
The unemployment rate jumped almost a half-point, to 9.7 percent, in August, the highest since 1983, reflecting a poor job
market that will make it hard for the economy to begin a sustained recovery.
Potential Harley-Davidson plant could become tourist attraction
The so-called Shelbyville site Harley-Davidson is considering for a new assembly plant actually isn’t in Shelbyville,
but rather in an unincorporated portion of Shelby County near the Marion County line.
New jobless claims dip less than predicted
New jobless claims fell slightly last week while the number of people receiving unemployment benefits rose, a sign the job
market’s recovery will be long and bumpy.