Articles

New grads struggle to put education to work

In May, only one-quarter of 2010 college graduates who applied for a job actually received one, compared with more than half in 2007. About as many college graduates of all ages also are plagued by underemployment, working jobs below their skill level—including Butler grad Tom Otero.

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Indiana’s unemployment rate remains flat

The state’s jobless rate in August remained unchanged from the previous month’s figure of 10.2 percent. The loss of seasonal government and manufacturing jobs offset the addition of 3,000 private-sector jobs.

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National unemployment rate back on the rise

Overall, the economy lost 54,000 jobs as 114,000 temporary census positions came to an end. State and local governments shed 10,000 positions. The jobless rate rose to 9.6 percent from 9.5 percent in July.

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MARCUS: The highs and lows of unemployment

Indiana’s unemployment rate in July was 10.1 percent—the 12th-highest of the 50 states. Nevada was running at 14.3 percent to lead the nation, while the lowest rate was 3.6 percent, in North Dakota. We’re much closer to the worst than we are to the best.

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Consumer spending, personal incomes stagnant

Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster
consumer demand. Incomes were also flat, the weakest showing in nine months.

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Economic growth likely slowed in second quarter

Economists expect the government to report Friday that economic growth slowed in the April-to-June quarter as consumers bought
less, builders pulled back further, and cash-hungry state and local governments cut spending.

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