IBJNews

Indiana sheds jobs but unemployment rate falls

 IBJ Staff
October 19, 2012
Back to TopCommentsE-mailPrintBookmark and Share

Indiana’s unemployment rate fell to 8.2 percent in September, the first decline for the rate since April.

The Indiana Department of Workforce Development said Friday morning that the rate decreased from 8.3 percent in August. The rate was 9.2 percent in September 2011.

The rate is higher than the national rate of 7.8 percent but lower than neighboring states except for Ohio, which saw unemployment fall to 7 percent.

Indiana’s jobless rate has been at 8 percent or above in all but two months since December 2008.

The Bureau of Labor Statistics reported that Indiana lost 6,000 private sector jobs in September, the first monthly decline after 10 months of gains. Most of the job losses were in professional and business services, private educational and health services, and manufacturing.

Despite the private-sector job losses, the state points to job growth of 43,000 for the year, and a overall job-rate growth of 1.8 percent versus a national average of 1.2 percent.

Meantime, Indiana recorded its first increase in the labor force in seven months.

"I find it particularly encouraging that Hoosiers are returning to the labor force," DWD Commissioner Scott B. Sanders said in a prepared statement.

Statewide non-farm employment in September totaled just under 3.2 million on a seasonally adjusted basis. A total of 237,294 sought unemployment benefits, down from a revised 253,272 in August.

Sectors showing employment gains in September included trade transportation and utilities (900), financial activities (300), and construction (200). Sectors showing the biggest employment loss were professional and business services (-3,300), private educational and health services (-2,600), manufacturing (-1,400), and leisure and hospitality (-200).

In the Indianapolis metro area, the non-seasonally adjusted jobless rate was 7.1 percent in September, down from 8.4 percent in September 2011. However, the area lost jobs, dropping to 891,083 in August from 908,781 a year earlier.

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.

ADVERTISEMENT

  • Unemployment Down..How?
    How can you have a drop in unemployment when you've lost jobs...Could our government be mistating the facts, are they dishonest or ignorant...I'm beginning to think both.
  • You are correct
    The jobs information is a lot of Smoke and Mirrors. Most of what you will see is for the purpose of the elections. They try to make it look better than it is. People who lost good paying jobs are having to take lower paying jobs to keep going. Health Care is a joke.
  • Hope
    Hang in there Gal. Those jobs from the guy with the big TV's in semi-trailers are almost here. Thanks, Mitch.
  • Smoke and Mirrors
    The unemployment rate isn't really falling. Looking at the job numbers, it seems it should still be rising. What IS happening is the state and/or fed dropped additional emergency benefits for a lot of people because unemployment is supposedly dropping. I know quite a few people who just lost their benefits in the past month or so. These are people who had really well-paying jobs before and can't replace them. The "improvement" in unemployment is a JOKE.

    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. Aaron is my fav!

    2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

    3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

    4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

    5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

    ADVERTISEMENT