State unemployment rate inches up to 9 percent

  • 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

Indiana’s unemployment rate ticked up in October to a seasonally adjusted 9 percent, matching the overall U.S. rate, the state’s Department of Workforce Development said Tuesday morning.

The rate increased from 8.9 percent in September, marking the fifth straight month Indiana unemployment has risen.

Indiana lost 2,900 private-sector jobs in October while more Hoosiers returned to the labor force to look for work.

The total number of unemployed Hoosiers was 273,471 in October, compared with 266,420 in September.

The state’s unemployment rate has climbed from 8.2 percent in May, but is nearly a full percentage point below the 9.9 percent it reached in September 2010.

Employment sectors adding a significant amount of jobs were trade, transportation and utilities, government, and manufacturing. Employment in construction, private education and health services, and financial activities showed large declines.

Indiana’s unemployment rate had been lower than that of neighboring states for several months, but now is the same as Ohio's. Kentucky’s is 9.6 percent, Illinois’ is 10.1 percent, and Michigan’s is 10.6 percent.

In the Indianapolis metropolitan area, the non-seasonally adjusted jobless rate was 8.3 percent in October, down slightly from 8.4 percent in October 2010.

Comparisons of metro areas are more accurately made using the same months in prior years because the government does not adjust the figures for factory furloughs and other seasonal fluctuations.

 
 

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