Jobless rate falls to 9 percent despite weak job growth
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.
Layoffs
Articles
Hartford City parts plant closing, idling 200-plus
Northville, Mich.-based Key Plastics LLC said Thursday it will move work from its Hartford City plant 15 miles north of Muncie to other North American factories.
Local GM stamping plant layoffs to begin next month
It’s official: General Motors will begin shutting down its Indianapolis metal-stamping plant Jan. 28, with an initial wave of layoffs that will cost 75 workers their jobs.
Printpack closing 230-worker Greensburg plant
More than 200 workers will lose their jobs when packaging materials maker Printpack Inc. will close its Greensburg plant early next year, the company said in a notice filed this week with the state Department of Workforce Development.
More job losses coming at doomed manufacturing plant
Automotive Components Holdings, which makes hydraulic steering systems for Ford Motor Co., notified the state this week that it plans to permanently lay off 26 employees during the first two weeks of 2011.
Cash crunch hits Indianapolis Urban League
After losing a key grant, Indianapolis Urban League laid off employees and failed to make three months' worth of retirement payments into one former worker's account—something that was remedied after the worker complained to the Labor Department.
BioCrossroads helping laid-off life sciences workers land safely
Indiana firms have dismissed more than 1,400 life science workers over the last two years. Now BioCrossroads has launched a website that aims to keep that talent in the state.
Principal Financial shift to result in local layoffs
Financial giant Principal Financial Group Inc. is exiting the health insurance business, a move that will cost 60 Indianapolis workers their jobs.
Closing of Greenwood call center to affect 260 workers
The center, operated by Indianapolis-based TeleServices Direct, is set to close Dec. 4. The company attributed the closing to a loss of business.
Ford laying off 249 at doomed east-side steering plant
Ford Motor Co. is continuing the process of shutting down a subsidiary’s east-side steering plant, filing a notice with the state that it intends to lay off 249 employees around Nov. 19.
Company sets closing of southern Indiana furniture plant
DMI Furniture says in a filing with the state Department of Workforce Development that it expects to permanently close the Huntingburg factory on Nov. 19, eliminating about 60 jobs.
Greencastle auto supplier cutting 202 employees
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.
New jobless claims drop for first time in 4 weeks
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.
Loogootee losing 95 jobs to bedding plant closure
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.
New jobless claims hit highest level in six months
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.
Stocks retreat after disappointing jobs report
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.
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.
Indiana’s unemployment rate rises slightly
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.
Lilly reveals plans to cut 340 IT jobs
The Indianapolis-based drugmaker eliminated 140 information technology jobs in June through retirements, resignations and some cuts. Another 115
cuts will be made this month, and the remainder by the end of the year.
U.S. jobless claims drop, but remain high
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.