Kimball acquires family of Indy manufacturers for $11.8M
Jasper-based Kimball Electronics has taken on 165 employees after buying a firm and its subsidiary in separate deals.
Employment
Articles
Applications for U.S. jobless aid fall, in sign hiring could improve
Fewer people sought U.S. unemployment benefits last week, the Labor Department said Thursday, evidence that employers are holding onto their staffs and may even step up hiring.
New overtime rules force hard choices for employers
An estimated 87,000 Hoosier workers will be affected by the change, which means companies could be making significant workforce investments as they weigh expensive compliance choices.
CEO survey ranks Indiana in nation’s top 5 for business climate
Among 12 Midwestern states, Indiana ranked No. 2 in both workforce quality and living environment, and No. 3 in taxation and regulations—good for a No. 1 ranking overall in the region.
High-tech jobs surge in Indianapolis, report says
Indianapolis saw high-tech software and services employment grow 18 percent from 2012 to 2014—the eighth-fastest rate among the 30 cities surveyed, according to CBRE Research.
Local CBRE office loses leader to another real estate firm
The Indianapolis area’s largest commercial real estate brokerage is searching for a new director with the departure of John Merrill to co-lead the local office of Holliday Fenoglio Fowler LP.
Fate of Indy employees still hazy in Dow, DuPont merger
Although the city will host a “global business center,” it will be months before details are known about how the combined agriculture operations will shake out. For now, the two firms are still competitors.
January jobs report filled with positive economic news
Employers raised pay, more people felt confident enough to look for work, and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.
Retirements, aging population cause nursing shortage
Facing a surge of retiring nurses and a growing number of patients, Indiana hospitals are scrambling to fill thousands of nursing positions, raising questions about whether they will be able to keep operations fully staffed.
Caterpillar closing 5 plants, cutting 670 jobs
The cuts over several states are part of a larger cost-saving campaign announced last year. They’re expected to affect operations in Indiana, where Caterpillar employs about 3,000.
Wal-Mart to close 269 stores amid increasing competition
Of the 154 stores being closed in the U.S., 102 will be in its Walmart Express category, which has been in a pilot program since 2011. About 10,000 U.S. employees will be affected.
Michigan’s minimum wage rising to $8.50 an hour
Michigan workers making the minimum wage will see a 35-cents-an-hour raise starting Friday. Indiana’s minimum wage will remain $7.25 per hour.
U.S. applications for jobless aid continue decline
The U.S. job market continues to appear strikingly robust. Over the past 12 months, the number of people collecting unemployment benefits has dropped 7.7 percent to 2.2 million.
Startup seeks $2M to help employers fill low-skill jobs
The Indianapolis tech firm founded by Internet job-board veterans is focusing on the proximity of job candidates to the workplace for high-turnover positions.
State jobless rate holds steady at 4.4 percent
Solid October job gains in the manufacturing sector in were offset in part by losses in construction, hospitality and professional business services.
Forecast for 2016: Strategist says slow economic growth ahead
If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
State jobless rate continues slide, hitting 4.5 percent
Indiana’s unemployment rate dropped to its lowest point in eight years in September as the private sector added 6,600 jobs.
Some executives already bracing for next recession
While many CEOs are planning for the next fiscal year, a cohort of local executives is planning for the next fiscal downturn. Group members have their eyes on 2019, forecast by some economists to be the year the next economic contraction arrives.
Angie’s List restructuring its 1,000-person sales force
The firm is aiming to boost revenue with the biggest reorganization of its sales force in its 20-year history. But some salespeople fear the changes will cut their compensation.
Soapmaker Gilchrist & Soames scooped up by Sysco unit
The Indianapolis-based producer of high-end soaps, shampoos and conditioners for hotels and resorts will become part of Guest Supply but keep its local operations.