Indiana Unemployment Lower Than Neighboring States
December 20, 2013 — By IPBS’ Brandon Smith
Indiana’s private sector set a one-month job creation record in November, adding more than 25,000. The Indiana Department of Workforce also says today that not a single sector of the economy lost jobs in the state. The state’s unemployment rate fell to 7.3%, lower than any neighboring state.
Governor Mike Pence applauded Hoosier businesses, saying the continued trends prove Indiana’s economy is strong and getting stronger. Yet the State Budget Committee today also revised its revenue projections downward, predicting less revenue than planned.
Economic analysts told State Budget Committee members today the disparity between jobs created and revenue losses can’t fully be explained. Possibilities include low wage jobs and reduced hours for high-wage workers.
Workforce Development reports that the 25,300 jobs created in Indiana in November are the most on record for a single month.