Business and Economics

State Unemployment Drops Nearly Full Percent in Q3

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November 22, 2013 — The state is releasing October unemployment statistics today that show a strong drop in just three months.

Indiana’s unemployment rate fell to 7.5% last month, down from 8.4% in July.  That’s the biggest three-month drop in 20 years and the lowest rate since November 2008.

In that three months, the state’s private sector created 6,000 jobs.  Last month’s growth was led by a surge in manufacturing as Indiana added the fourth most manufacturing jobs in the nation in October.

Indiana Governor Mike Pence applauded the unemployment figures, saying the state’s policies helped create an atmosphere for companies to invest and add jobs, noting many Hoosiers are still struggling.

By Indiana Public Broadcasting’s Brandon Smith.

 

 

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