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.
Mickey Maurer’s article on job openings had some excellent suggestions, but let me add the following:
I really enjoyed your column “Off-the-wall advice for unemployed.”
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
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.
Indiana’s unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce
Development said this morning, but the decline could just be a blip.
As an old-timer, I am honored when asked for business advice. Because so much of the labor force has been idled,
recent inquiries have come from Hoosiers with resumes in hand. I am afraid my usual advice isn’t working, so I have
some new ideas—new opportunities to investigate in the face of this job crisis.
The number of newly laid-off workers seeking unemployment benefits fell last week to the lowest level since early July, possible
evidence that job cuts are slowing.
The nearly 15 million unemployed Americans won’t enjoy Labor Day as a relaxing respite from work. Instead, they’ll once again
need to prepare to get up, hit the pavement and keep hunting for a job.
The unemployment rate jumped almost a half-point, to 9.7 percent, in August, the highest since 1983, reflecting a poor job
market that will make it hard for the economy to begin a sustained recovery.
New jobless claims fell slightly last week while the number of people receiving unemployment benefits rose, a sign the job
market’s recovery will be long and bumpy.
IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.
John Mutz, former lieutenant governor and chairman of the Lumina Foundation, is digging in for extended hard times.
Indiana’s unemployment situation appears to be stabilizing as the jobless rate held almost steady for the third month in a
row, the Indiana Department of Workforce Development said this morning.
A few weeks ago, a couple of my economist colleagues took issue with the phrasing in one of my columns. In a rare turn
of events, they are right, and I was wrong.
Unemployment often is a necessary and natural part of a healthy economy. But job losses that come when workers or even entire
industries become redundant are especially painful.
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
Volunteer managers say they’ve seen an influx this year of people who’ve lost their jobs, as well as students who are anticipating a tough market after graduation. The volunteers are welcome, especially as charities themselves have fewer paid employees.
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
