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State adds jobs in February at healthy clip

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Employment increased in both Indiana and the Indianapolis metro area in February, while the jobless rate crept up as more Hoosiers began looking for work.

The state unemployment rate inched up to 8.7 percent in February from 8.6 percent in January, the Indiana Department of Workforce Development reported Friday.

The state added 9,300 jobs, bringing total non-farm employment of 2,938,800 on a seasonally adjusted basis—up 0.3 percent from January and 1.7 percent more than in February 2012. The department pointed out that employment has increased in 38 of 42 months since July 2009.

While the number of Hoosiers with jobs is rising, employment has not yet rebounded to its most recent peak of 2,985,100 in 2007, let alone the record of 3,006,200 in January 2000.

Statewide hiring in manufacturing; leisure and hospitality; and trade, transportation and utilities all surged for the month. Government hiring, a category that includes public schools and hospitals, also climbed in February, although the total number of government employees was down from a year earlier.

The number of workers in the information and education and health sectors shrank from January.

Despite the net increase in jobs, the state unemployment rate rose because of a greater number of Hoosiers entering the work force.

The jobless rate in the Indianapolis area stood at 8.5 percent, up slightly from a year earlier, also because of more people entering the work force.

In the metro area—where figures are not adjusted for seasonally fluctuations, and thus are best compared with the same month a year earlier—employment increased 1.5 percent from February 2012 to 909,600 workers.

As was the case statewide, manufacturing showed strong growth, as did professional and business services, which has been fueled by a boom in the subcategory of temporary workers. Retailing also showed vigor.

An index designed by Indiana University to forecast the state economy over several upcoming months suggests growth will remain lackluster to modest.

The Leading Index for Indiana, released earlier this month, predicted slight improvement, which was consistent with an overall trend in the index since early 2009.

The index, at 100.9 in March, is compiled by the Indiana Business Research Center in the Kelley School of Business.
 

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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