The Herald Bulletin

Morning Update


October 1, 2013

Editorial: Good reason for optimism over Madison County economy

Slammed by the double-whammy of the shutdown of the local auto industry in the 1990s and 2000s and the recession of 2009, Anderson and Madison County have suffered.

The county’s poverty rate is at 19 percent, according to the U.S. Census Bureau, and the unemployment rate has lingered around 10-11 percent. Both figures are significantly higher than state and national averages.

However, the local economy is showing signs of life. In August, the county unemployment rate was down to 8.6 percent, 1.1 percentage points lower than July and 1.2 percentage points lower than August of last year.

In fact, the August 2013 mark is the county’s lowest unemployment rate since 7.4 percent in November 2008. That’s almost five years ago.

One note of caution: The improvement in the unemployment rate is tempered by the recent report from the Bureau of Labor Statistics, which showed the number of jobs in Madison County declined by 854 from March 2012 to March 2013. The addition of new jobs since March, along with the county’s slow trickle of population loss, accounts for the improved unemployment rate in August.

Another good sign for the local economy is the recent improvement in the local real estate market. In a Herald Bulletin article published Sept. 22, agents told of a brisk and improving market for sale of homes and commercial properties.

Statistics support their assertions. Through the first seven months of 2013, compared to 2012, pended home sales in Madison county rose 10 percent and average sales price rose 9 percent.

The improvement in home sales owes to greater consumer confidence in real estate values and low interest rates. It also owes to a recognition that you can get a good property in Madison County at a reasonable price. The average home sale price in our county was $86,000 during the first seven months of the year, easily the lowest figure in the nine-county Indianapolis area.

Text Only
  • Editorial: Health center problem could have been avoided The lives and reputations of three healthcare professionals have been ruined by mismanagement at the Madison County Community Health Center. It could have been avoided.

    July 22, 2014

  • Bannon, Tom Viewpoint: Paramount is an investment that is paying dividends About 25 years ago the citizens of Anderson made a decision that would have a long lasting impact on the community. Instead of saving the old Paramount Theatre, which had fallen into serious disrepair, it was decided that the easy and prudent decision was to get rid of the building to create additional downtown parking. Shortly after the Paramount came down, the community got rid of another abandoned structure when the old Carnegie Building, which was the former home of the Anderson Public Library, was torn down.

    July 21, 2014 1 Photo

  • You Said It: About the reservoir, immigration and more on the Wigwam Each Monday, The Herald Bulletin publishes “You Said It,” a compilation of readers’ comments from coupled with responses by the newspaper’s editorial board.

    July 21, 2014

  • underwood mug [Duplicate] [Duplicate] Scott Underwood: Colts camp, 4-H fair demand our attention Late July is a busy, exciting time in Madison County. With the school year approaching fast, folks want to savor the long, hot (well, not so hot lately) days of July.

    July 20, 2014 1 Photo

  • Maureen Hayden: Expiring term heightens the urgency of one lawmaker’s mission State Rep. Rebecca Kubacki may have lost the Republican primary to a Tea Party challenger, but the two-term Republican from Kosciusko County is not going away quietly.

    July 20, 2014

  • Indiana State of State-12 [Duplicate] Editorial: State surplus comes at expense of Hoosiers' well-being If Indiana is taking in $59.8 million less – blamed on declines in revenues from the riverboat gambling tax, inheritance tax and individual income tax – and still is able to save $106.8 million, that extra cash isn’t being plucked from a secret forest of money trees.

    July 19, 2014 1 Photo

  • NWS - HB0727 - horse and pony - DK - 266 Editorial: 4-H members have goals, dreams

    This week's Madison County 4-H Fair is an opportunity to showcase area youth. They're proud of their work. Their hopeful of their futures. And they're willing to put their goals and dreams in the public eye.

    July 18, 2014 1 Photo

  • NWS - HB0626 - Shoot - 03 Editorial: License suspension makes sense in Roger Shoot case Some will object when a person accused of a crime is punished by a professional organization before conviction.

    July 17, 2014 1 Photo

  • Letter: Wall Street should not be in politics Talk about corruption, ponzi schemes, we're looking at you, Wall Street, controlling the prices of our food, gasoline and clothing we must buy and about every company in America — while trashing President Obama, the Affordable Health Care Plan, along with every Democrat, to influence our elections, at the same time.

    July 17, 2014

  • Letter: 23 Relay for Life teams raised $40,000 As chairs of this year's American Cancer Society Relay For Life of Madison County, we would like to thank everyone for their generosity and support.

    July 17, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Do you expect your physician to follow state standards and laws?

Of course
Not always
Never thought about it
     View Results