economy

Courtesy / State of Indiana

Indiana’s unemployment rate fell in March to its lowest level in five months, but the state’s private sector also lost jobs last month.

The Hoosier unemployment rate fell one tenth of a percent to 5.8 percent in March, the second month in a row the rate went down. 

But that drop may not be good news: the state’s private sector lost 800 jobs last month, fueled by huge losses – more than 5,000 – in the professional and business services sector. 

Courtesy / NOD

Nearly half of all military veterans returning to the workforce leave their jobs in the first year. But one organization, the National Organization on Disability, is helping employers focus on retaining, not just recruiting, veterans to the workforce.

The unemployment rate among post-9/11 veterans in Indiana is more than double the state average. Nationally, the turnover rate for veterans returning to the workforce is about 50 percent in the first year, and about 75 percent within two years. 

One-fifth of Northeast Indiana’s workforce is at or near retirement age. That’s according to a new report out Thursday.

The report from Northeast Indiana Works and the Community Research Institute at IPFW shows more than 20 percent of all working adults in the region are age 55 or older.

The percentages are even higher in public and private education, truck transportation and the manufacturing sector.

But people retire all the time, so why is this important?

Indiana’s private sector added nearly 10,000 jobs last month.  Yet for the fourth consecutive month, the unemployment rate failed to drop.  Still, Governor Mike Pence says July’s employment numbers tell him Indiana’s economy is “all systems go.”

The Hoosier private sector has added jobs for ten consecutive months, surging again in July with 9,900 jobs created.  That boost was led by the manufacturing sector, which added more than 5,000 jobs, the most in the country last month. 

Courtesy / Wikimedia Commons

Purdue agriculture experts say the crop report released Tuesday projects potential record highs for corn and soybeans, and experts say that’s good news for Hoosiers at the grocery store.

Indiana farmers are projected to harvest a little more than one billion bushels of corn this year, which would set a record for the second consecutive year.  The predicted soybean harvest would be the third-largest in state history and up nearly six percent from last year. 

IBRC / IU Kelley School of Business

New analysis from Indiana University suggests the Hoosier economy is heading in the right direction.

The Leading Index for Indiana – which uses national-level economic data to make predictions about the state’s economy – rose slightly in July. That’s the second monthly increase in a row.

According to Timothy Slaper at the IU Kelley School of Business, the increase comes in part because of a jump in homebuilder sentiment, what he calls the “exhuberant stock market,” and a strong outlook in transportation and logistics.

Indiana’s unemployment rate in May failed to drop for the first time in nine months, holding steady at 5.7 percent.

Indiana’s private sector added 4,800 jobs last month, yet the unemployment rate remained unchanged. 

The Department of Workforce Development says that’s because the state’s labor force increased, with about 2,000 unemployed Hoosiers actively resuming the job hunt.  The state’s unemployment rate remains more than half a percent below the national average.  And it’s dropped nearly two percent in just one year, with 4,600 jobs added since May 2013. 

Indiana leaders at both the federal and state level are exploring ways to encourage more growth in the state’s medical device industry.

Later this summer, the Indiana legislature will devote a study committee to investigating ways the state can help medical device manufacturers.

Earlier this week, U.S. Senator Dan Coats sat down with leaders from the industry in northern Indiana.  He says he came away with two avenues for helping the sector, including getting the Food and Drug Administration to ease some of the lengthy restrictions on approving new technology.

The CEO of Fort Wayne’s oldest hospital is stepping down.

Lutheran Health Network representatives has confirmed to WBOI News that Eric Looper, who has led Saint Joseph Hospital since 2010, has accepted a position in Texas to be closer to family.

He made the announcement Wednesday in an email to staff.

Looper is leaving to become a regional CEO for Baylor, Scott, and White – the largest not-for-profit healthcare system in Texas.

"Race for Results" / Annie E. Casey Foundation

A new study released Tuesday finds Indiana among the ten worst states for black children, highlighting the disparity in opportunity between African-American youth and their peers.

The policy report from the Annie E. Casey Foundation, titled "Race for Results," measures 12 factors in an effort to chart child progression nationwide. Those include everything from reading proficiency to graduation rates to the number of children living near or below the federal poverty level.

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