Shifting gears: recent changes in Indiana's economy.
In the days of yore, the story for the Indiana economy started--and
ended--with automobile manufacturing. Not anymore.
There have been tremendous structural changes in the global, U.S.,
and . . .
Minimum wage impacts on employment: a look at Indiana, Illinois,
and surrounding Midwestern states.
While minimum wage increases are a broadly popular method of
reducing income inequality, they are controversial since many business
owners and economists argue they reduce employment. This debate . . .
From the editor.(Editorial)
As this issue goes to press, we face a series of shocks to the
financial markets (Fannie, Freddie, Lehman Bros, AIG). We anticipate
much will be written in the coming months about the financial . . .
County population estimates for 2007: interpreting the components
of change.
The Census Bureau's latest county population estimates paint
an informative picture of population growth since Census 2000. As
always, some counties gained population, some lost, and some . . .
Education enrollment numbers are a significant matter.(Projection
Implications on the Economy)
During the thirteen years of my professional career spent at the
State House, very few policy matters intrigued me more than the
development of the state budget, and the school funding formula . . .
How our population grows.
Indiana will add roughly 940,000 residents by 2040--a 15 percent
increase from 2005, according to the state's official population
projections produced by the Indiana Business Research Center. . . .
The impact of property tax legislation on Indiana
households.
Many Indiana homeowners saw big increases in their property taxes
in 2007. In response, Governor Daniels and the Indiana General Assembly
have proposed tax reforms that include large property tax . . .
Indiana is different: measuring economic activity in the United
States and Indiana.
The two most common measures of economic activity are output and
income.
The first is most familiar to us--Gross Domestic Product (GDP).
This is the number reported at least three times for each . . .
Terre Haute.
The Terre Haute economy, when measured by its gross domestic
product (GDP) in terms of sheer dollar volume, has grown from $3.5
billion to $5 billion from 1987 to 2007. (1)
At the same time, . . .
South Bend-Mishawaka and Elkhart-Goshen.
The economic slowdown experienced across the United States also
plagued north-central Indiana. The metropolitan areas of South
Bend-Mishawaka (St. Joseph County, Indiana, and Cass Count]6 . . .
Richmond.
Slow growth is the most likely forecast for the coming year Wayne
County--but note the word growth is used here. This area has been hit
hard by job declines in manufacturing in recent years and its . . .
Muncie.(Muncie, Indiana)
Muncie's economy was rocked hard by the 2001 recession and the
subsequent employment losses that swept the upper Midwest. Happily, it
appears as if the employment declines and attendant . . .
Louisville.
Southern Indiana and the Louisville metro maintained moderate
growth during 2006 and through 2007. Recent employment data, however,
point to slowdowns in some sectors. Slower growth was evident in . . .
Kokomo.
As noted in the forecasts for the international, national, and
state economies, the recovery is okay (but not great), we expect growth
to be okay (but not great), and employment numbers look okay . . .
Indianapolis-Carmel.
The following data and forecasts refer to the entire
Indianapolis-Carmel Metropolitan Statistical Area (MSA), which includes
Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, . . .
Gary.(Northwest Indiana)
Northwest Indiana continues to lag both the state and the nation in
terms of growth. From September 1990 through September 2007, payroll
employment (1) in northwest Indiana grew at an average . . .
Fort Wayne.(United States. Bureau of Economic Analysis)
In September 2007, the U.S. Bureau of Economic Analysis (BEA)
released an important new tool for measuring the strength, composition,
and output of urban economies. For the first time, we have . . .
Evansville.
The Evansville economy continues to exhibit positive year-over-year
growth. In 2007, personal income is estimated to increase by 5.6 percent
compared to an average annual growth rate of 4.3 percent . . .
Columbus.
The Columbus region has been affected by the overall housing
crisis. However, the economic outlook for 2008 is positive but modest.
This brief report will provide some important statistics about . . .
Bloomington.
Population Growing
Things are looking brighter in many respects for the Bloomington
area economy than they have in recent years. The city's population
grew by an estimated 146 residents last year . . .
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