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Indiana Unemployment Rate Falls

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[Charts/Indiana Department of Workforce Development]

Indiana's Department of Workforce development says significant job gains in October resulted in a drop in Indiana's unemployment rate, from eight-point-two to eight-percent. State officials say Indiana nearly doubled the national rate of job growth last month, adding 77-hundred private sector jobs, marking the largest monthly gain since May. The report also shows private sector employment in the Hoosier state is now at 96-percent of the 2007 pre-recession levels.

News Release, Indiana Department of Workforce Development:

INDIANAPOLIS  – Indiana nearly doubled the national rate of job growth in October, adding 7,700 private sector jobs. This marks the largest monthly gain since May. Private sector employment in the Hoosier state is now at more than 96 percent of the 2007 pre-recession levels.

Significant October job gains also resulted in a drop in Indiana’s unemployment rate. Unemployment decreased to 8.0 percent from 8.2 percent in September, the largest one month decrease since April.

 “Over the past year Indiana has experienced one of the strongest periods of job growth in over a decade,” said Scott B. Sanders, Commissioner of the Department of Workforce Development. “Since last October we have added nearly 67,000 private sector jobs and continue to significantly outpace the national rate of growth.”

Employment sectors in Indiana that continue to exceed the national rate of growth in 2012 include Manufacturing (3.4 percent versus 1.3 percent), Leisure and Hospitality (4.2 percent versus 2.0 percent), Construction (3.2 percent versus -0.1 percent), Trade, Transportation & Utilities (1.3 percent versus 1.1 percent) and Private Educational and Health Services (2.0 percent versus 1.8 percent). 

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