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April 21, 2014   

Indiana Business Bulletin
 
 

COMMENTARY – by Michael J. Hicks, Ph.D.
Taxes and Government Value

As with any value determination, the price (or tax rate) is only half the story.

With the passing of April 15th and the annual ritual of tax filings, news pages are filled with discussion about the size of federal, state and local tax burdens. This is ripe discussion at home as well. The Hicks household paid 16.3 percent of earnings in federal tax and 4.1 in state and local income tax. Of course, that doesn't count property and sales taxes or Social Security and Medicare taxes that comprise more than 10 percent of our income.

Read the full text: Taxes and Government Value

Last week's commentary: Measuring the Unmeasurable


EVENTS
Save the Date: Q2 Roundtable

The second quarter Business Roundtable meeting will be Wednesday, May 7, 2014, at the Ball State Alumni Center. Registration details will be sent out soon.

For questions in the interim, please contact roundtable@bsu.edu.


DID YOU KNOW? – by Dagney Faulk, Ph.D.
Indiana Labor Market

The Bureau of Labor Statistics released March labor market data for states last week. The Indiana unemployment rate decreased to 5.9 percent (seasonally adjusted), which is a full two percentage points lower than a year ago. Over the past year, Indiana's labor force increase by almost 30,000 people, and employment increased by over 92,000. Both of these indicators are approaching prerecession levels.

The graph below shows a time series of Indiana's labor force (seasonally adjusted).

Line graph: Labor Force, Indiana

Data by state: http://indicators.cberdata.org/datasets/view/9


ECONOMIC INDICATORSView all economic indicators (CBER Data Center).
 

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ECONOMIC INDICATORS
This Week's Data Releases
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THURSDAY: Durable Good Orders, country


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