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Indiana's jobless rate experiences another big drop

 IBJ Staff
March 28, 2014
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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.




 

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  • @ Susan
    Maybe you should take the time to actually read all of the comment thoroughly. RDS states that those who are talented should be able to get jobs. RDS is not insinuating that people who are laid off are talentless, etc. Only that where RDS works they are having a difficult time finding quality applicants.
  • Illusory numbers
    Everyone has heard that the numbers are decreasing because the unemployed are still unemployed but have run out of Unemployment Insurance from their last job, so they cannot file any more. So they officially have dropped off the records but are actually still unemployed.
  • To RD
    I hope you are not insinuating that people who are laid off are not talented, skilled or motivated. Only the poorly prepared and slackers are losing their jobs? You don't mean that do you because I know of very experienced, talented motivated people at Community Health Network who were laid off in the last 4 years, the latest being just this week and what they all have in common is being over 50. The 48 to 66 age group are the most experienced workers out there and they are getting canned at an alarming rate because the salaries and benefit packages are at their highest. Don't be too smug that something like this can't happen to you or people you know because it can happen and maybe in the future.
  • Layoffs
    We don't live in a society where people are guaranteed not to have a job, even under the best of circumstances. Companies, such as Community, will continue to find ways to eliminate inefficiencies in their businesses. The good news for those laid off is that in an improving environment, those workers who are talented and motivated should have an easier time finding employment again. I do quite a bit of hiring in my profession and I can tell you it is not that we do not have jobs for people, but that we do not have enough skilled/experienced workers for the jobs we do have.
    • Layoffs
      Off course layoffs are still happening--one sector can be booming and another busting. Overall though I believe that hiring will exceed firing for a while. I'm not sure how constructions job are figured in umemployment but there are going to be a lot of projects starting over the state in the next few months which I think would have to lead to an uptick in construction hiring. Don't get me wrong anytime someone loses their job it is a horrible thing for them, their family, and the community.
    • Layoff's still happening
      Well tell that to the folks who lost their jobs this week at Community Hospital East.
      • For PAC
        Just so we get a snarky comment in here(although I really do think this is great news and the number will continue to go down) but here we go......I didn't realize they had built that many Walmarts. (sarcasm) :-)
      • Great news!
        aaaaannnnnddddd cue the complaints..... now.

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