IBJNews

State, Indy area added jobs in May; unemployment rates fall

June 21, 2013
Keywords
Back to TopCommentsE-mailPrintBookmark and Share

The state added a smattering of jobs in May and the unemployment rate fell slightly, from 8.5 percent to 8.3 percent, the Indiana Department of Workforce Development reported Friday morning.

Indiana created a seasonally adjusted 7,500 positions in the month—up 0.3 percent from April and 1.4 percent from a year earlier—as the private sector churned out more than enough jobs to compensate for a decline of 1,500 jobs in government.

Sectors showing job gains in May included trade, transportation and utilities (4,100); leisure and hospitality (3,300); and financial services (1,400). Business and professional services, a category that includes temporary workers, also was up substantially (2,500 jobs).

Declines occurred in private educational and health services (1,600) and manufacturing (800).

The Indianapolis-Carmel metropolitan area performed better than the state.

Job numbers increased 2 percent—or 19,000 positions—from April. Compared to May 2012, the area saw employment rise by 27,000 positions—a 3-percent increase. The unemplopyment rate in the metro area improved from 7.6 percent in May 2012 to 7.4 percent in May 2013.

Metro area data is not seasonally adjusted, thus is best compared with the same month in prior years.

Indiana University predicts the state economy will stay about the same for the next few months. The Business Research Center at the Kelley School of Business recently issued an index of 100.7—meaning that it anticipates neither significant growth nor contraction.

ADVERTISEMENT

  • Unemployment rate falls
    The still-downturned economy is trigger companies to stretch their workers further and further, states a recent study. That trend, the report concludes, is liable for rising job burnout among American employees. If you need money while waiting for a new job, get a cash solutions.
  • Strategery
    No worries. The massive benefits from new terrain I-69, RTWFL, Daylight Savings Time, and a wrath of ALEC inspired boondoggles rammed down our throats will kick in and produce massive job creation any time now.
  • No B.S. Please...
    Aaron, how many of these "jobs" are FTEs, Fulltime (40hours), are NOT ties to ax incentives and...(drumroll) have full benefits? Hmmmmmmmm?
  • How About Apples to Apples
    If we compare the April-May monthly gain on a like for like basis (using unadjusted data), Indianapolis gained 19,000 and the part of Indiana outside of the Indianapolis MSA gained 7,500 jobs. Indy accounted for 72% of all the job growth in the state.
    • Temps...
      Summer temp work is up and some teenagers got summer jobs. That simple.
    • Ongoing Layoffs
      Unemployment fell but the area hospitals are still laying off their employees. St. Vincent and Community East are doing it on a monthly basis. Why isn't that mentioned in the news. I also heard that armed guards were present at the recent St. Vincent layoffs to escort folks out of the door. Real classy!!!

    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. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

    2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

    3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

    4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

    5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

    ADVERTISEMENT