Business and Economics

Indiana Unemployment Rate Inches Down To 5.8%

Share Tweet Email

September 22, 2014 — TheStatehouseFile.com

INDIANAPOLIS – The rate of unemployed Hoosiers dropped slightly in August bringing the state’s unemployment rate to 5.8 percent.

The drop continues an overall trend and is 0.2 percentage points lower than the national average.

“Indiana’s unemployment rate has decreased 1.7 percent over the past year, while the labor force has expanded by more than 51,000 workers, which is quite remarkable,” said Scott Sanders, commissioner of the Indiana Department of Workforce Development.

“During the same period, the Hoosier state has also added more than 56,000 private sector jobs,” he said. “Together, these figures stand in stark contrast to our Midwestern neighbors.”

Indiana’s rate is lower than all its neighbors, except Ohio, which held steady last month with unemployment rate of 5.7 percent.

Illinois has an unemployment rate of 6.7 percent. Both Kentucky and Michigan have unemployment rates in the 7 percent range.

Despite a decrease in unemployment, some industries in the state still saw cuts last month. The private, educational, and health services sector lost more than 4,000 jobs. Trade, transportation, and utilities lost 300 jobs.

Those losses were offset by growth in both the professional and business services and the manufacturing sectors. Both gained about 1,000 jobs. The manufacturing sector has steadily grown over the past year – adding more than 20,000 positions. That number earned the state the rank of first in the nation for manufacturing job growth.

Since July 2009, Indiana has added more than 84,000 manufacturing jobs – earning the state the rank of second in the nation for manufacturing job growth behind Michigan.

Indiana has added more than 51,000 jobs in the past year. That equals a growth rate of 1.6 percent, which is more than five times higher than the national average.

 

Leave a Comment

Leave a Reply

Your email address will not be published.

This Page:

http://lakeshorepublicmedia.org/indiana-unemployment-rate-inches-down-to-5-8/

* Required Fields