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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. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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