Lawmakers seek to fix state’s unemployment fund
Indiana businesses and the unemployed are both worried about changes that legislators could make to the state's insolvent unemployment insurance program during the upcoming General Assembly.
Unemployment
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Construction, manufacturing may lead economic recovery
The recession came to an official end 18 months ago, but Indiana’s unemployment rate hovered around 10 percent.
State unemployment rate dips to 9.8 percent
Indiana’s jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent this summer.
Congress sends tax legislation to White House
Acting with uncommon speed, Congress sent President Barack Obama sweeping, bipartisan legislation late Thursday night to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years.
Economist: State recovery slow, but faster than peers
Chief regional economist Jim Diffley of IHS Global Insight says Indiana has grown faster than other manufacturing-heavy Midwestern states.
Jobless claims fall near lowest level of year
In November, the economy added just 39,000 net jobs and the unemployment rate rose to 9.8 percent. Many economists predict December will be a stronger month for hiring.
Jobless rate rises to 9.8 percent as U.S. job growth slows
With hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.
Jobless claims tick up again
Difficulties adjusting for the Thanksgiving holiday contributed to last week’s spike in new applications, a government analyst said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.
Long-term jobless benefits set to expire this week
The Indiana Department of Workforce Development says as many as 4,000 Hoosiers per week will run out of unemployment benefits beginning Sunday.
Jobless claims drop sharply
A Labor Department analyst said weekly claims are volatile during the week between the Veteran’s Day and Thanksgiving holidays. A key question is whether claims will remain this low in future weeks.
State’s unemployment rate drops below 10 percent
Indiana’s unemployment rate in October dipped to 9.9 percent, marking the first time the rate has been below double digits since March.
Jobless claims fall sharply to 4-month low
The U.S. Labor Department said Wednesday that initial claims for jobless aid dropped by 24,000, to a seasonally adjusted 435,000. Many Wall Street economists expected a smaller decrease.
Weak employment report expected Friday
Newly elected members of Congress will get a reminder Friday of the economic challenges they face in January: The jobs report for October is expected to show hiring weak and unemployment still high. The outlook for 2011 isn't much better.
U.S. economy grew anemically in third quarter
The government reported Friday morning that the economy expanded at a 2-percent annual rate in the July-September quarter. It marked a slight improvement from the feeble 1.7-percent growth in the April-June quarter.
State’s jobless rate dips slightly to 10.1 percent
Indiana’s unemployment rate in September was 0.1 percentage point lower than in August and the same as it was the same month last year. But it remains above the national rate of 9.6 percent.
National jobless claims fall, but still elevated
Fewer people applied for unemployment benefits last week, but the drop wasn't enough to reverse a big increase the previous week.
Strategist: U.S. economy picking up pace, slowly
The economy is picking up its pace but not quickly enough to satisfy the public, Fifth Third Bank strategist John Augustine said Friday. It may not return to pre-recession levels until 2017.
Indiana loans for jobless to hit businesses Jan. 1
The state will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits.
Applications for jobless benefits rise again
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are still reluctant to hire in a slow economy.
Jobless rate holds steady after wave of government layoffs
The nation’s jobless rate has topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.