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.
Employment
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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.
German firm chooses Indy for North American expansion
LKE Group, which makes products for transporting goods and materials, plans to establish its operations just south of Indianapolis International Airport.
FAST 25: Tech Trades
Eight years ago, Mark Hall bought Tech Trades out of receivership. The timing, he said, turned out to be perfect.
FAST 25: Bottom-Line Performance Inc.
3-year growth: 72 percent 2014 revenue: $2.7 million Changing the business: Like many companies, Bottom-Line Performance experienced a big downturn in 2008-2009. The company was 100-percent service-based, creating training programs for customers to support product launches or customer education. President Sharon Boller said she realized that “survival and growth would have to come by diversifying—offering […]
PR agency Borshoff plans leadership shakeup
Managing Principal Susan Matthews plans to step down at the end of 2015, leading to a shakeup in duties for the remaining principals of the Indy area’s largest agency.
U.S. adds 223,000 jobs as jobless rate slips to 5.3 percent
The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed. Average hourly pay was flat.
Greenwood HR firm plans expansion, 245 hires by 2020
Human resources and corporate benefits firm Tilson expects a tidal wave of new workers by the end of the decade as firms try to cope with complex employee requirements.
State jobless rate drops to 5.1 percent for May
The Indiana unemployment mark is below the national rate of 5.5 percent for April and down from the state’s 6.0 percent mark in January.
Applications for unemployment benefits drop near 15-year low
The trend indicates that employers are confident enough in future consumer demand to retain their staffs. The number of people receiving benefits fell 50,000 to 2.22 million.
New workforce thrust aims to boost Indy tech expertise
Businesses and other employers can anticipate more technologically literate college graduates—and see their existing employees raise their tech game—if a new program pans out.
Pace of U.S. hiring weakens in March
Employers added only 126,000 jobs, the fewest since December 2013 and snapping a streak of 12 straight months of gains above 200,000. Wage growth remained modest.
Chase closing student lending office, laying off 73
Expected to take effect in May, the Indianapolis layoffs are part of a company-wide strategy to wind down student loan services.
Deluge of downtown projects averts construction dry spell
A spate of large real estate projects in the pipeline for downtown is providing a shot in the arm for a local construction industry still rebounding from the recession.