economy

Mark Perry

You may not be hearing Christmas music when you shop right now, but make no mistake, the holiday shopping season began this week. Retail experts are forecasting online sales will outpace in-store shopping for the first time ever this holiday season. WBOI’s Mark Perry reports how the growing online marketplace is changing the retail workforce in Northeast Indiana.

The internet isn’t destroying retail jobs – it’s just shifting them. That’s according to George Andersen, Editor in Chief and Publisher of Retail Wire.

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. 

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