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

June 21, 2013
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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.

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  • 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!!!

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    1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

    2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

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    4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

    5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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