Job gains in leisure and hospitality, manufacturing, private education and health services helped lower May’s unemployment rate in Indiana.
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.
Indiana’s manufacturing community has an optimistic view on the sector’s long-term health.
In the early months of 2020, Indiana appeared to be on a roll as far as the state’s economy was concerned.
Most participants in a recent survey conducted by the United Way of Porter County believe a return to pre-pandemic life will not happen until at least February 2021 or even later.
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.
Reduced business activity fed by the COVID-19 pandemic has led to a more than 40% drop in estimated tax revenues for the state in April.
Disruptions to business activity and an array of normal life routines from watching a movie in the theater or dining out because of the global COVID-19 pandemic has had adverse affects on a widely monitored economic index.
As many economists expected, the nation’s economy shrunk by 4.8% between January and March, according to the latest data government data.
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.