IBJNews

Indiana unemployment rate drops to 8.4 percent

 IBJ Staff
March 30, 2012
Keywords
Back to TopCommentsE-mailPrintBookmark and Share

Indiana’s unemployment rate took a sizable dip in February, falling to 8.4 percent, as new jobless claims dropped to a seven-year low.

The Indiana Department of Workforce Development said Friday morning that initial claims for unemployment insurance dropped to just below 5,000 for the second week in a row.

“The drop in the unemployment rate is good news, as is the decline in initial claims in unemployment insurance to levels not seen since 2005,” Mark W. Everson, commissioner of the Department of Workforce Development, said in a prepared statement. “We also continue to see Hoosiers return to the work force."

February’s jobless rate decreased from 8.7 percent in January and a revised 8.9 percent in December. The rate was 8.9 percent in February 2011.

Statewide non-farm employment totaled 2.9 million on a seasonally adjusted basis. A total of 280,960 Hoosiers remained out of work, down from 291,823 in January.

Private-sector job growth remained unchanged in February after a sizable gain of 13,000 jobs in January, the largest monthly increase in more than a year.

Sectors showing significant employment gains in February included private education and health services (5,300 jobs), manufacturing (2,400 jobs), and leisure and hospitality (2,400 jobs). The trade transportation and utilities sector lost 6,100 jobs and construction jobs fell by 3,200.

In the Indianapolis metropolitan area, the non-seasonally adjusted jobless rate was 8.2 percent in February, down from 8.7 percent in February 2011. In all, 73,291 people were out of work in the Indianapolis area.

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

  • drop?
    I dont know anyone who lost there jobs back in 2010 who are eligible anymore. Theres the drop in unemployment claims.
  • My own opinion
    I think their should be A more accurate figure on unemployment. They need to take off the ones that retired and the ones that lost their unemployment, or the ones that cant get it because it ran out, and the ones that dont qualify for it. That would give them a better look at the real numbers.

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. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

ADVERTISEMENT