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State unemployment rate shrinks to 6.9 percent

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Indiana's unemployment rate plummeted 0.4 percent in December, to 6.9 percent, its lowest point since October 2008, the Department of Workforce Development announced Tuesday morning.

The improvement came despite a small decline in private-sector employment of 4,800 jobs during the month.

State officials called the decline expected after "a historic month of job growth in November" of 25,100 jobs.

Only one employment sector, professional and business services, showed job gains in December, and that was only by 200 jobs. Manufacturing lost 1,700 jobs, construction lost 13,00 jobs and total non-farm employment decreased by 6,800.

For all of 2013, Indiana saw a total increase of 42,600 jobs. The unemployment rate has fallen from 8.3 percent in December 2012.

The state's seasonally adjusted unemployment rate hasn't been so low since it was 6.8 percent in October 2008. The rate jumped to 7.4 percent the next month.

“There are fewer Hoosiers unemployed (218,100) now than in the past five years,” DWD Commissioner Scott Sanders said in a prepared statement. “Just as important is the fact more than 21,000 folks have returned to the labor force over the past three months, which is unique in the Midwest."

Indiana's jobless rate ranks 31st in the nation and is slightly higher than the national average of 6.7 percent, but is lower than Ohio's (7.2 percent), Kentucky's (8.0), Michigan's (8.4) and Illinois' (8.6).

The non-seasonally adjusted unemployment rate for the Indianapolis-Carmel area fell to 5.8 percent in December, down from 7.9 in December 2012.  

 

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  • Waiting for Gov Spin
    Well, I wonder how the Governor will spin this.
  • Say what?
    The unemployment rate is the ratio of those looking for work to the total labor force. The latter is those looking plus those working. The unemployment rate can fall if those who were looking become discouraged and quit looking. The participation rate is the ratio of the labor force to the total population. Those not in the labor force are children, the retired and the discouraged.
  • RE: The Real Number
    Correction: Dividing Available Workforce by All FT Employed gives percentage employed, the remaining percentage being unemployed, i.e. 2M available / 3M FT Employed = 67% employment rate, and 33% unemployed / under-employed (rounding applied).
  • RE: The Real Number
    Alright I goofed that up, and can't edit it....argh.
  • The Real Number
    What's the real number, meaning the sum of disabled + children + seniors + half of all part-time employed, subtracted from the current population = available workforce. Divide that by the current population (est.) to get the real unemployment number. Example 1M workers available / 3M population = 33% unemployed.
    • Where's the Credibility?
      Does anyone really believe any of this nonsense? The unemployment rate is under 7% while the "employment rate" is no where near 93%. Remember, "figures don't lie, but liars do figure." This is a great example of just that.

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      1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

      2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

      3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

      4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

      5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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