IBJNews

State's jobless rate dips, but decline could be temporary

Back to TopCommentsE-mailPrintBookmark and Share

Indiana's unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce Development said this morning, but the decline could just be a blip. 

The August seasonally adjusted unemployment rate of 9.9 percent represented a decline of 0.7 percentage points from July.

The number of unemployed Hoosiers fell to 307,122 in August from a revised 332,826 in July.

“Decreases in unemployment are always welcome news,” said Teresa Voors, commissioner of the Indiana Department of Workforce Development. “We hope it’s a trend, but data from two key factors used to determine employment levels—surveys of individual household and business payroll—appear to contradict each other.”

The state said its monthly survey of households found 24,000 fewer unemployed Hoosiers, but a separate survey of business payroll reported 21,000 fewer jobs. The separate findings do not jibe, the state said, because a decrease in jobs typically leads to an increase in unemployment.

“The next few months should provide evidence of a trend or a one-month survey anomaly,” Voors said.

William Rieber, an economics professor at Butler University, said it was too early too tell whether unemployment has peaked during this recession. Many economists expect jobless rates to keep rising at least until next year.

“You have to be careful with one-month changes,” Rieber said. “But if you combine that with what [Federal Reserve] Chairman [Ben] Bernanke said (earlier this week)—that the recession is over—it’s encouraging. But [the rate] is still very high.”

Indiana’s unemployment rate is still up significantly from a year ago. In August 2008, it stood at 6 percent.
 
The non-seasonally adjusted jobless rate in the Indianapolis metro area was 8.9 percent in August, down from 9.4 percent in July, but up from 6.1 percent in August 2008.

Roughly 40,800 people are unemployed in the metro area, according to the latest figure.

Comparisons of metro areas are most accurately made using the same months in prior years, because the government does not adjust the figures for factory furloughs and other seasonal fluctuations.
 
Bureau of Labor Statistics numbers show Indiana is among just four states with an unemployment rate decrease over the past month.

Indiana's neighboring states reported smaller changes in unemployment. The unemployment rate in Illinois dropped 0.4 percent, to 10 percent. Ohio's decreased 0.4 percent, to 10.8 percent. Kentucky remained flat, at 11.1 percent. Michigan increased 0.2 percent, to 15.2 percent.


 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

ADVERTISEMENT