Indiana jobs situation improving, but is economy better?

[IndianaGreen]

Indiana jobs situation improving, but is economy better?

By Morton J. Marcus Times Business Columnist | Posted: Sunday, July 18, 2010

http://www.nwitimes.com/business/columnists/morton-marcus/article_45cda585-f7fe-5102-b2df-89bf495a9da4.html


Strudel Morceaux, a junior journalist, asked, "Is it true that Indiana's economy has turned around?"

"I cannot answer that question," I said.

"What?" Morceaux said. "You're the economist and you don't know what's happening with Indiana's economy?"

"What," I asked, "is Indiana's economy?"

"Now you're playing mind games," Morceaux said.

I replied: "Indiana's economy is measured in different ways and judged in still other ways. For many people, an economy is doing well if it is adding jobs. For others, an economy's performance is judged by its unemployment rate. Those are only two of many measures."

"Enough," Morceaux said, beginning to flake.