Business and Economics

State March Unemployment Level Same As February

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Indiana’s Department of Workforce Development shared its March 2013 unemployment figures Friday, April 19, 2013, as follows:

INDIANAPOLIS – Indiana’s seasonally adjusted unemployment rate remained unchanged in March at 8.7 percent, halting a recent upward trend. The Hoosier State, which has more manufacturing jobs as a part of our private sector than any other state in the U.S. (19.7 percent of Indiana’s private sector), experienced another month of increase in manufacturing jobs, production hours and durable goods production employment. All of which may point to sustained growth and future expansion potential.
Indiana witnessed the first decline in jobs in more than a year, as the state shed approximately 11,000 private sector jobs over the past month. The bulk of the loss was experienced in the Trade, Transportation and Utilities sector, which is possible evidence of some uncertainty in the market and the recent unseasonable weather.
“While March’s job numbers are evidence of some uncertainty in the market and confirm there is a good deal more work to do, we cannot overstate Indiana’s prominence and growing strength in manufacturing,” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. “The Hoosier State has more manufacturing jobs as a percentage of our private sector than any other state in the U.S. and we continue to experience real, tangible proof of sustained growth and propensity for expansion potential.”
Sanders also noted Indiana still outpaces the national average (7.5 percent versus 5.2 percent) for private sector job growth since July 2009, the low point of employment in Indiana, and that initial claims for unemployment remain below 2005 levels.

 

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