An Indiana University economist says the Leading Index for Indiana – an economic predictor for the state – is sending mixed messages about the health of the Hoosier economy.
The Leading Index is at its highest point in four months, backed by positive reports from home builders and strong automotive sales. But Indiana Business Research Center Economic Analysis Director Timothy Slaper says small business optimism is down and rising mortgage rates are dampening enthusiasm.
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.
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.
Officials from the Kroger grocery chain announced today the company will not reopen its North Anthony location in Fort Wayne, which was shut down due to major structural issues.
Earlier this year, several public officials lobbied to keep the store open, but the company ultimately deemed the problems beyond repair. The pharmacy adjacent to the North Anthony Scott's will also close.
In a statement, Kroger Central Division President Bob Moeder said employees at the North Anthony store were told Friday morning they could transfer to other locations.
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%.