Indiana’s jobless rate experiences another big drop

Keywords Unemployment
  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

The seasonally-adjusted unemployment rate in Indiana dropped significantly in February, falling to 6.1 percent from 6.4 percent in January, the Department of Workforce Development announced Friday morning.

February’s drop marked the second straight big decline in the jobless rate. The rate in January fell four-tenths of a percentage point.

The state added 5,400 private-sector jobs February while the number of officially unemployed Hoosiers fell to fewer than 200,000 for the first time since August 2008, the state said.

The state said initial claims for unemployment insurance in February were nearly 5,000 below February 2013 levels and are at their lowest levels in nearly 15 years.

Employment sectors showing the biggest gains in February were leisure and hospitality with 2,200 jobs, and construction with 2,000 jobs.

Indiana’s unemployment rate is now more than one-half of a percentage point below the national rate (6.7 percent) for the first time in a decade. It has fallen from 7.9 percent a year ago.

The state’s rate in February was below the rates in Illinois (8.7 percent), Kentucky (7.8 percent), Michigan (7.7 percent) and Ohio (6.5 percent).

Non-seasonally-adjusted figures show unemployment in the Indianapolis-Carmel statistical area at 6.2 percent in February, down from 7.9 percent in February 2014.

 

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In