economy

IEDC announces record year

Brandon Smith — Thu, 29 Nov 2012 15:41:50 +0000

With a month still to go this year, the Indiana Economic Development Corporation Wednesday announced 2012 will set a record for commitments from companies to locate or expand operations in the state. But IEDC CEO Dan Hasler says he’d still like to see more of the commitments turn into actual jobs.

Per capita income stabilizes in region

Sean Bueter — Wed, 28 Nov 2012 14:56:15 +0000

Since the mid-1990s, per capita income (as a percentage of national per capita income) has been steadily dropping for residents of Northeastern Indiana. But new data released this week shows the downward trend may have finally turned the corner.

Indiana's unemployment rate drops in October

Brandon Smith — Tue, 20 Nov 2012 18:28:02 +0000

Indiana’s private sector added 7,700 jobs last month and lowered its unemployment rate to 8%.

The unemployment rate fell 0.2% in October, the largest single month drop since April. It also marked a decrease for the second consecutive month after gaining or holding steady for six months.

Fort Wayne outpaces nation in job growth

Sean Bueter — Tue, 09 Oct 2012 19:55:50 +0000

A new economic report shows Fort Wayne is among the few areas of the country to outpace the national job growth rate.

Gregg unveils Hoosier product export plan

Brandon Smith — Fri, 24 Aug 2012 16:07:36 +0000

Democratic gubernatorial candidate John Gregg Thursday unveiled an eight-point plan aimed at increasing the state’s total exports by 50% in five years.

Gregg applauded the work of Gov. Mitch Daniels in expanding Indiana’s global presence and says as governor, his policies would further that work.

They include coordinating statewide export strategies, developing tax incentives for Hoosier businesses that export at least 75% of their products and creating an export innovation fund that would provide money to trade associations and private businesses.

Hoosier jobless rate rises in July

Brandon Smith — Fri, 17 Aug 2012 16:32:26 +0000

The Bureau of Labor Statistics says Indiana’s unemployment rate increased for the second straight month in July even though the state’s private sector added jobs for the ninth consecutive month. But state officials say those numbers don’t add up.

Thirty-three hundred private sector jobs were created last month and government hiring surged, leading to an increase in total non-farm employment of more than ten thousand jobs. But Indiana’s unemployment rate increased to 8.2%.