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.
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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.
Global firm to cut 320 jobs in Bloomington
The Bloomington layoffs from a television repair subsidiary would be ModusLink’s second major reduction in operations in Indiana in six months.
January jobs report finds robust gains on all fronts
The Labor Department said Friday that the economy added 257,000 jobs in January, previous months were revised up, wages rose by the most in six years, and more Americans entered the job market.
Consumer spending slips in December as car sales weaken
Personal income rose 0.3 percent in December, aided by the steady wave of hiring over the past year. But rather than spend those gains, consumers saved more of their disposable income.
U.S. pay, benefits posted biggest gain since 2008
An uptick in the employment cost index during 2014 could be a sign strong job gains are forcing companies to pay a bit more for workers.
Global glassmaker to invest $71M in Randolph County plant
Ardaugh Group plans to retain its 400 workers at the Winchester plant as it invests in a major upgrade.
Two Italian firms to start operations in Indy area
Sirmax and OMR Automotive, both suppliers to the automotive industry, plan to build plants in Speedway and Anderson and together could create up to 110 jobs over the next several years.
Applications for U.S. jobless aid rise, but growth looks solid
More Americans sought unemployment benefits last week, but the number of applications continues to be at historically low levels that suggest solid economic growth will continue.
Consumers burst with confidence in December
Suddenly robust economic growth, low unemployment and shrinking gas prices have improved the outlook of Americans, a study shows.