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State's unemployment rate drops below 10 percent

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Indiana’s unemployment rate has dipped below double digits for the first time since March, the Indiana Department of Workforce Development said Tuesday morning.

The state’s seasonally adjusted unemployment rate dropped to 9.9 percent in October, from 10.1 percent the previous month.

“Since the beginning of the year, we have seen strong growth in several key industries,” DWD Commissioner Mark W. Everson said in a written statement. “Overall, private sector employment has increased twice as fast in Indiana as the nation.”

Indiana gained 49,700 private-sector jobs this year, an increase of 2.1 percent over the same time last year. In October, the state gained 7,600 private-sector jobs after losing 7,500 in September.

Sectors reporting job growth included professional and business services; construction; private education and health services; and trade, transportation and utilities.

Sectors reporting declines included leisure and hospitality, and government.

Indiana and its Midwestern neighbors all reported unemployment-rate drops in October. Illinois has the lowest rate, 9.8 percent, followed by Indiana and Ohio at 9.9 percent, Kentucky at 10 percent, and Michigan at 12.8 percent.

The national rate held steady at 9.6 percent.

The number of unemployed Hoosiers fell to 288,041 in October, from a revised 297,753 in September.

In the Indianapolis metro area, the non-seasonally adjusted jobless rate was 8.5 percent in October, down from 8.7 percent in September, but up from 8.3 percent in October 2009.

Comparisons of metro areas are most 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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  • Whatever Jim
    The more they stop the unemployment benefits, the lower the rate will become. People are simply staying home collecting the check. Take away the check, they'll magically get off the couch and go find employment. There's plenty of jobs out there and that has nothing to do with Obama. The people collecting unemployment are picky about the job they get at our expense.
  • Thank the Prez & the Democrates
    Let us give credit for the work that President Obama is doing without the support of the GOP. In fact, in spite of the GOP and the Governor of Indiana and the mayor of Indianapolis. Today we learn that the economy has grown more than previously reported. It is obvious that the GOP spin on the economy is nothing but their planned deception to undermind the success of America all for political gain and promised payback rewards to the cronies and big businesses that they cow to.

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