Indiana’s unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.
As corporations continue to dig out from the worst recession in decades, tuition-reimbursement programs are a common
casualty. A survey estimates that 63 percent of companies will
offer undergraduate educational assistance this year compared to 67 percent in 2005.
FTR Associates analyst Jon Starks says truck manufacturers won’t feel an improved economy until at least late 2010.
Unemployment is hitting various demographic groups quite differently.
The damage done by the recession is still with us, even if the recession itself has ended. But sufficient evidence is available to suggest that the demon recession has left the nation’s economic body.
On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.
The economy grew at a 3.5-percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
The government will release figures this week expected to show that the economy has awakened from its deepest slump since
the 1930s. But the following week, the government will issue another set of figures expected to show unemployment continuing
to rise.
Employment in Indiana’s insurance industry has remained stable despite a poor economy.
The preliminary numbers are out on the effect of the $787 billion federal stimulus on Indiana.
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
One of the best places to have waited out this recession was in federal government. Federal workers have pretty much gotten
a bye on pink slips at a time private sector employees have taken it on the chin.
Wouldn’t
it be refreshing if we focused on a different way of looking at the recession? What if we talked in
real terms about how much we lost in work days or goods and services?
The Indiana economy turned up in March, but the recovery has been slow and dogged. That’s the picture painted by a new
monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
With no end in sight to the country’s job market woes, the U.S. House has agreed to give the jobless in a majority of states,
including Indiana, another 13 weeks of unemployment insurance benefits.
The cresting wave of maturing commercial real estate debt is the second act in our nation’s credit crisis.
Recently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s
metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a
quick recovery.
IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.
