Thursday’s business headlines

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

Jobs

Indiana ranks 39th for job hunters.

The Hoosier state ranked 29th for job market but 45th for economic development.

WalletHub compared the 50 states across 35 key indicators of job-market strength, opportunity and a healthy economy.

Inflation

Economists expect core consumer inflation, excluding food and energy, jumped 35%, the highest level since 1993.

Investors are watching the data to see if it looks like inflation could be hotter and more persistent than the FED expects it to be.

There has been worry about inflation associated with stocks in the past month or so.

Best Buy

Best Buy will be closed on Thanksgiving Day, moving many of its Black Friday deals online and offering alternatives to in-store shopping.

The decision marks the second straight year that Best Buy stores will be dark on the holiday. In 2020, in the midst of the COVID crisis, the store encouraged customers to take advantage of online deals and opened for in-person shopping starting on Black Friday.

Job change

The tight labor market is giving workers renewed confidence in their ability to find a better job, and they’re quitting at record rates.

Some 4 million people quit their jobs in April, according to the Labor Department’s Job Opening and Labor Turnover survey released this week, with the largest exits happening in retail trade, professional and business services.