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State unemployment rate inches up to 9 percent

 IBJ Staff
November 22, 2011
Keywords
Economic Development, Government & Economic Development, Job Creation, Unemployment
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Indiana’s unemployment rate ticked up in October to a seasonally adjusted 9 percent, matching the overall U.S. rate, the state’s Department of Workforce Development said Tuesday morning.

The rate increased from 8.9 percent in September, marking the fifth straight month Indiana unemployment has risen.

Indiana lost 2,900 private-sector jobs in October while more Hoosiers returned to the labor force to look for work.

The total number of unemployed Hoosiers was 273,471 in October, compared with 266,420 in September.

The state’s unemployment rate has climbed from 8.2 percent in May, but is nearly a full percentage point below the 9.9 percent it reached in September 2010.

Employment sectors adding a significant amount of jobs were trade, transportation and utilities, government, and manufacturing. Employment in construction, private education and health services, and financial activities showed large declines.

Indiana’s unemployment rate had been lower than that of neighboring states for several months, but now is the same as Ohio's. Kentucky’s is 9.6 percent, Illinois’ is 10.1 percent, and Michigan’s is 10.6 percent.

In the Indianapolis metropolitan area, the non-seasonally adjusted jobless rate was 8.3 percent in October, down slightly from 8.4 percent in October 2010.

Comparisons of metro areas are more accurately made using the same months in prior years because the government does not adjust the figures for factory furloughs and other seasonal fluctuations.

 
 

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  • Image Issues
    JoeNovember 22, 2011 12:59 PM
    The state budget is balanced for now because future revenue has been collected to make it seem as such. Mitch can't create any policy that improves the lives for Hoosiers so he touts this "budget" as his win. How has that helped us? WE still don't have jobs, our income is lower and now he is spending BILLIONS on a coal plant to charge us more money. Good Guy.
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  • I agree, where is it going?
    ChristineBNovember 22, 2011 12:53 PM
    I agree with JJ. If the State of Indiana is in the black, then great, but where is that money going to? I have yet to hear those details. How about a stimulus check for Hoosiers. It's great that the state budget is balanced, but at what cost?
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  • I feel better
    jjNovember 22, 2011 12:41 PM
    Mitch do somethng, your populous are hurting.Lower taxes for individuals, lower the sin taxes. Get rid of the gas tax, you claim to be the savior., Your book should guide you, give back the big surplus bucks. The state does not need the money as much as the people need help. Or, admit you have been a failure.

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