U.S. economy should continue growing in 2025, economist says
The U.S. economy is strong and should continue to grow next year, Fifth Third Bank Chief Investment Strategist Tom Jalics said at IBJ’s 2025 Economic Forecast breakfast Thursday.
Employment
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State employment at record high, restored to pre-pandemic levels
The state adopted flexible remote-work arrangements, salary increases, education reimbursement policies and leave opportunities to increase recruitment.
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Goodwill of Central & Southern Indiana to lead Puerto Rico expansion
By 2024, Goodwill aims to establish three stores in Puerto Rico and have 40 to 80 employees working on the Caribbean island.
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Indiana executive-branch employee misreported work hours, report finds
The Marion County Prosecutor’s Office declined to file criminal charges in the case because the state employee paid back the full amount of $7,617.50 in restitution.
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About 300 logistics employees affected by change in operations at Whitestown facility
Kuehne+Nagel Inc. said in a notice to the state that it will cease operations with Rockwell Automation when the contract between the companies terminates May 10.
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Articles
U.S. employers add just 12K jobs as hurricanes, strikes reduce payrolls
The employment report for October also revised down the government’s estimate of the job gains in August and September.
Applications for jobless benefits fall, but continuing claims rise to highest level since 2021
The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs. That could mean that demand for workers is waning, even as the economy remains strong.
Weekly applications for jobless benefits fall to the lowest level in 4 months
Weekly filings for unemployment benefits, considered largely representative of layoffs, had risen moderately since May before this week’s decline.
Big fix to jobs data shows labor market was far weaker than previously reported
The government reported Wednesday that the economy created 818,000 fewer jobs from April 2023 through March 2024, in the biggest revision to federal jobs data in 15 years.
FTC ban on noncompete agreements comes under legal attack
Some companies say a new rule created by the Federal Trade Commission will make it hard to protect trade secrets and investments they make in their employees.
‘No tax on tips’ plans from Trump, Harris won’t do much for many tipped workers
Eliminating federal taxes on tips has suddenly emerged as just about the only idea that former president Donald Trump and Vice President Kamala Harris agree on—but experts say the proposal won’t have a big impact for most workers.
U.S. job openings fall slightly, but remain higher than expected
Layoffs dropped to 1.5 million, lowest since November 2022 and down from 1.7 million in May, a sign that employers remains reluctant to let go of staff.
Is inflation still cooling? Thursday’s report on June prices will provide clues.
Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases.
Daimler Truck subsidiary to close Plainfield remanufacturing plant
Detroit Diesel Remanufacturing LLC said the closure will affect a total of 80 workers, the first of which are expected to be laid off next month.
Stevanato commits to paying Fishers employees a living wage
Stevanato, an Italian-based life sciences company that makes glass vials and syringes for pharmaceuticals, has committed to paying employees at its new Fishers facility no less than $70,000 annually.
U.S. employers added 206,000 jobs in June in sign of continued economic strength
The unemployment rate ticked up from 4% to 4.1%, a still-low number but the highest rate since November 2021.
Expunging criminal record, regaining driver’s license often require assistance
Several counties across the state are working to help Hoosiers clear their records and reinstate their driver’s licenses, using expungement and driving restoration laws like those passed in many states to help residents get their lives back on track.
Number of Americans filing for jobless benefits jumps to highest level in 10 months
Though this week’s number seems relatively high, it’s still within a range that reflects a healthy labor market.
Economy added 272,000 jobs in May, surging past expectations
The hotter-than-expected data complicates the overall picture of the labor market as Federal Reserve policymakers look for signs of a softening economy as an indication that inflation can come down enough to lower high interest rates later in the year.
Walmart offers new worker perks, from bonus plan to opportunities in skilled-trade jobs
The perks program announced Wednesday comes as the nation’s largest private employer says it’s seeing a decline in worker turnover. But Walmart, like other employers, faces a still-competitive labor market and increasing demands from its employees.
U.S. job openings fall to 8.1M, lowest since 2021
Openings remained at historically strong levels despite high interest rates and signs the economy is slowing.
U.S. job openings fall to lowest level in more than 3 years
The number of Americans quitting their jobs fell to the lowest level since January 2021—a sign of diminishing confidence in their ability to find something better. But layoffs fell.
Number of Americans applying for jobless benefits holds steady
Though layoffs remain at low levels, companies have been announcing more job cuts recently, mostly across technology and media.
Employers added 303,000 jobs in March, soaring past expectations
The unemployment rate fell to 3.8 percent last month, the Bureau of Labor Statistics reported Friday, extending the longest stretch of unemployment below 4 percent in five decades.