Thursday’s economic headlines – WISH-TV | Indianapolis News | Indiana weather

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  Thursday's economic headlines - WISH-TV |  Indianapolis News |  Indiana weather

INDIANAPOLIS (WISH) – Here’s a look at Thursday’s headlines.

Jobs

Indiana ranks 39th among job seekers.

The state of Hoosier was ranked 29th in labor market and 45th in economic development.

WalletHub compared the 50 states using 35 key indicators of labor market strength, opportunities and a healthy economy.

inflation

Economists expect core consumer inflation excluding food and energy to have risen 35%, its highest level since 1993.

Investors are watching the data to see if inflation could be hotter and more persistent than the Fed expects.

Last month there have been concerns about inflation related to stocks.

Best buy

Best Buy will close on Thanksgiving Day, with many of its Black Friday deals being postponed online, offering alternatives to in-store shopping.

The decision marks the second year in a row that Best Buy stores will be dark over the holidays. In 2020, amid the COVID crisis, the store encouraged customers to take advantage of online deals and opened for personal shopping on Black Friday.

Job change

The tight labor market is giving workers new confidence in their ability to find a better job and they are quitting at record rates.

Around 4 million people quit their jobs in April, with the largest exits in retail, professional and business services, according to the Department of Labor’s job vacancy and turnover survey released this week.