The bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential mortgage servicing provider prepares to sell a large portion of its assets.
Reasons for Indiana’s wage gap between men and women range from the job mix in the state to whether women are staying in the workforce or taking breaks to have children.
The number of people applying for unemployment benefits was mostly unchanged last week, suggesting the job market isn’t getting much better.
The number of people applying for unemployment benefits jumped last week to the highest level in three months, another sign that the job market remains depressed.
As the national economy sputters, the Indianapolis area is losing jobs faster than its peers, falling to levels not seen since 2002.
Armies of people find themselves lingering on the sidelines.
The economy generated only 36,000 net new jobs in January, the fewest in four months, but the unemployment rate fell because many of those out of work gave up on their job searches.
Fewer people applied for unemployment benefits last week, the second drop in a row and a hopeful sign the job market could be improving.
California-based life sciences firm Beckman Coulter Inc. is planning its third local expansion since 2007, investing $18.2 million in its Indianapolis operation and adding as many as 95 jobs here in the next three years.
International Automotive Components Group said the layoffs will occur in two stages—on Nov. 10 and again on Dec. 13. Expiring contracts are responsible for the cuts, said a company spokesman, who added that the employees could be recalled.
However, about 10.1 million people were receiving unemployment checks in the week ended Aug. 7, the latest data available.
That’s up about 260,000 from the previous week.
Perfect Fit Industries, a supplier of bedding accessories such as mattress pads, pillows and comforters, will shut down its
facility in southwest Indiana by the end of the year.
Initial claims for unemployment benefits have now risen in three of the last four weeks and are close to their high point
for the year of 490,000, reached in late January.
Worker productivity declined at an annual rate of 0.9 percent in the April-to-June quarter after posting large gains throughout
2009, the Labor Department said Tuesday.
The disappointing jobs data magnifies worries that slowing growth could end up leading the country back into recession during
the second half of the year.
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and
some companies are still cutting workers.
GM spokesman Kevin Nadrowski says officials at the Kokomo Integrated Circuit Fab plant met with 375 workers Wednesday to
say they're "assessing the business model at the plant based on recent business developments."
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that
drop was driven by temporary seasonal factors and not an improving job market.
June figure hits 10.1 percent, up a tick from April and May, marking the third straight month Indiana’s unemployment rate
has been in double digits.
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and
fewer cutting jobs, but the pace of growth has slowed, a new survey shows.
