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Indiana's unemployment rate slips to 9.6 percent

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Indiana’s unemployment rate fell slightly in November, dipping to 9.6 percent, the Indiana Department of Workforce Development said Friday morning.

The state’s jobless rate decreased by 0.2 percentage points, from a seasonally adjusted rate of 9.8 percent in October.

DWD Commissioner Teresa Voors said Indiana’s unemployment rate seems to have peaked in the mid- to upper-9 percent range.

“It is encouraging to see a slowing of job losses as evidenced by 40 percent fewer initial claims for unemployment when compared to November of last year,” she said.

Indiana had an unemployment rate of 7 percent in November 2008.

The number of unemployed Hoosiers dropped to 288,696 in November from a revised 291,527 in October.

Indiana still has the lowest unemployment rate among its neighboring states. Kentucky’s rate dropped last month to 10.6 percent, Illinois’ to 10.9 percent and Michigan’s to 14.7 percent. Ohio’s rate grew 0.1 percentage point, to 10.6 percent.

Satewide, private education and health services, as well as financial services, were among the segments reporting job declines last month.

The manufacturing sector added 5,200 jobs, mainly from recalls of temporarily laid-off auto workers. No other sectors reported significant employment gains in the month.

The non-seasonally adjusted jobless rate in the Indianapolis metro area was 8.2 percent in November, up slightly from a revised 8.1 percent in October.

Nationally, the number of newly laid off workers filing claims for unemployment benefits unexpectedly rose.

The Labor Department said Thursday that the number of new jobless claims rose to 480,000 nationally last week, up 7,000 from the previous week. That was a worse performance than the decline to 465,000 that economists had expected.

The U.S. jobless rate did dip in November to 10 percent, down from a 26-year high of 10.2 percent in October. But analysts are worried that unemployment will resume rising in coming months and will not peak until hitting 10.5 percent next summer.


 

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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