The nation’s economy created 199,000 new jobs in December, but it was below economists’ projections.
Even as unemployment rates continue falling, the latest federal jobs report shows the pandemic still is impacting the country’s economy.
Raising pay for an assortment of jobs appears to be helping businesses across the country fill open positions.
Ball State University economist Michael Hicks said the latest federal jobs report showing an increase of 1.4 million jobs during August indicates the economic recovery is slowing.
Indiana’s manufacturing and logistics sectors continue to flourish despite job losses the past 18 months, a new Ball State University report said.
A new study from Ball State University suggests it may take more than a year for Indiana state and local government revenue streams to recover from the COVID-19 pandemic.
Orders across the country for people to stay home in late March and April to slow the spread of the coronavirus led to economic disruptions and ultimately job losses.
A new report from Ball State University suggests the COVID-19 pandemic may lead to cumulative lost local government tax revenues ranging between $218 million and $315 million.
Initiatives by government, private businesses and a host of organizations to slow the spread of the coronavirus is expected to create a recession as mass layoffs cause unemployment to exceed 10.5% nationally and 10% in Indiana within 45 days, according to a report from Ball State University.
The nation’s economy has seen strong job gains in January and February, according to government data, but a Ball State University economist says future job creation numbers could look very different down the road because of fallout from the global coronavirus outbreak.