Business and Economics

Indiana Unemployment Rate Continues To Fall

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January 28, 2014 — Indiana Public Broadcasting & Lakeshore Public Radio–

Indiana’s unemployment rate is at its lowest level in more than five years, dropping below seven percent in December.  But as Indiana Public Broadcasting’s Brandon Smith reports, private sector jobs actually decreased last month after a strong November:
Despite the unemployment rate dropping to six-point-nine percent last month, Indiana’s private sector lost 48 hundred jobs.  Still, the Department of Workforce Development says it expected the decrease after a record-setting November that saw 25 thousand jobs created.  2013 ended with more than 42 thousand jobs added by the private sector and the unemployment rate nearly one and a half percent lower than the end of 2012.  In a statement, Workforce Development Commissioner Scott Sanders says fewer Hoosiers are unemployed than any time in the last five years and Indiana’s job growth the last three months is the highest in the Midwest.

Locally, Porter County had the lowest unemployment rate in December at 6.9-percent.  Next lowest was Newton County, with 7.5-percent.  Jasper County’s preliminary unemployment rate at year’s end was 7.8-percent.  The region’s second highest jobless rate in December is in LaPorte County, with 8.3-percent.  Lake County had the highest northwest Indiana unemployment rate at 8.4-percent, before being adjusted for seasonal factors..

 

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