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Indiana unemployment rate shrinks to 7.9 percent

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Indiana added 15,400 private-sector jobs last month, helping the state’s unemployment drop fall to its lowest rate since late 2008.

The Indiana Department of Workforce Development said Friday morning that unemployment fell to 7.9 percent in April, down from 8.2 percent the previous month.

The 15,400 jobs added in April marked the fourth-largest one-month increase since 1990, the DWD said.

Indiana led the nation in March-to-April job growth in terms of sheer numbers and ranked third in percentage increase. The state’s 0.6-percent job-growth percentage was six times the national average of 0.1 percent last month. The 15,400 jobs accounted for roughly 12 percent of the nation’s increase.

Indiana’s unemployment rate has not been below 8 percent since November 2008. The U.S. jobless rate in April was 8.1 percent.

“The Hoosier state has not seen economic growth on this level in a generation,” DWD Commissioner Scott B. Sanders said in a prepared statement.

Sanders said Indiana has added 36,500 jobs this year, the most in a four-month period since late 1998.

The state’s unemployment rate is falling as a state leading economic index is rising, pointing to an improving economy.

The Leading Index for Indiana, as measured by Indiana University, is climbing back toward pre-recession levels and is at its highest mark since August 2008.

Still, Timothy Slaper, director of economic analysis at IU’s Business Research Center, said economic signs are far from perfect.

“Overall, the picture looks rosier for Indiana’s economy, but would not warrant saying that the Hoosier economy is poised for breathtaking growth in the coming months,” he said. “The forecast for the remainder of the year continues what has become the mantra of positive, but sluggish, economic growth. The sustained slow recovery will be devoid of strong surges in personal income or payroll employment."

Statewide non-farm employment in April totaled 2.9 million on a seasonally adjusted basis. A total of 246,258 Hoosiers sought unemployment benefits in April, down from 274,580 in March.

Sectors showing employment gains in April included manufacturing (6,200 jobs), professional and business services (3,900), leisure and hospitality (1,900) and construction (1,100).

In the Indianapolis metropolitan area, the non-seasonally adjusted jobless rate was 7.3 percent in April, down from 8 percent in April 2011.

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

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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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