Friday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines.
Muncie announcement
The city of Muncie will make some type of economic development announcement Friday.
The Muncie-Delaware County Economic Development Alliance says the announcement will involve a new company locating in the city’s downtown.
We don’t know much about the company or details but it will result in a new capital investment and workforce expansion.
Job report
Economists are expecting the job market to normalize in March.
Those polled by Refinitiv estimate that employers added 18,000 jobs last month, which would be only slightly below the average for the year.
They think the unemployment rate will remain steady at 3.8% and that wages will again rise by 3.4 % from the same time last year.
Target
Target says it will raise its minimum hourly wage to $13 in June.
The raise is another step in the retailer’s goal to reach a minimum hourly wage of $15 an hour by the end of 2020. It last raised its wages to $12 an hour in March 2018.
Sears
Sears is rebranding and trying to win back shoppers.
Sears will open three “Sears Home & Life” stores in May, in Anchorage, Alaska, Lafayette, Louisiana and Overland Park, Kansas.
That’s after the department store chain has shut hundreds of Sears and KMart locations over the years and filed for bankruptcy protection in October.