New claims for jobless benefits jump again
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.
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.
The bleeding seems to have stopped where job loss is concerned, but it’s not time to pat ourselves on the back.
Claims have fluctuated wildly in the past several weeks and have not dropped below January levels. Elevated unemployment claims,
along with last month’s weak jobs report and a struggling housing market, have economists worried the recovery is slowing.
Pessimism about economic recovery grows as employment numbers for June fall short of expectations.
Locally based consultancy LeadJen had 20 employees in January. Halfway through the year, the company already has hired 20
more, and President Jenny
Vance expects to add another 20 over the next six months.
Virtually all the job creation in May came from the hiring of 411,000 census workers. Job creation by private companies grew
at the slowest pace since the start of the year.
A couple of Hoosier entrepreneurs think they can take their career information web site national.
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department
said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the
company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
Employers, encouraged by a recovering economy, are hiring again. But they are not doing it at the level needed to reduce the
jobless rate.
Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed,
putting the economic recovery at risk.
The number of jobs in Indiana rose by 16,600, marking the largest month-to-month increase since September 2005, the Department
of Workforce Development said.
The Indiana Department of Workforce Development last year identified $3.9 million in unemployment fraud.
The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally
adjusted 460,000.
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while
bracing out-of-work Americans for a slow recovery.