State's unemployment rate jumps to 9.9 percent

Back to TopCommentsE-mailPrintBookmark and Share

Indiana's unemployment rate is perilously close to hitting double digits again after posting its biggest rise since mid-2009. The rate increased to 9.9 percent in December, the Indiana Department of Workforce Development said Friday morning.

Unemployment climbed by 0.3 percentage points, from a revised rate of 9.6 percent in November. The jump was the biggest in Indiana since the rate rose from 9.9 percent to 10.6 percent in May 2009. It hasn't been in double digits since July, when it was 10.6 percent.

DWD Commissioner Teresa Voors attributed the increase, in part, to a decrease in construction activity in December.

“The two largest factors in the [report] are a drop in construction employment, possibly attributed to the weather, and an increase in the number of unemployment claims following eight straight months of decline,” she said. 

Indiana had an unemployment rate of 7.8 percent in December 2008.

The number of unemployed Hoosiers increased to 301,028 in December from a revised 288,265 in November.

Indiana still has the lowest unemployment rate among its neighboring states. Kentucky’s rate climbed last month to 10.7 percent, Ohio’s to 10.9 percent and Illinois’ to 11.1 percent. Michigan’s rate decreased 0.1 percentage point, to 14.6 percent.

Statewide, financial activities and professional and business services both posted slight employment gains. Conversely, construction; trade, transportation and utilities; leisure and hospitality; and manufacturing reported losses.

The non-seasonally adjusted jobless rate in the Indianapolis metro area was 9.1 percent in December, up slightly from a revised 8.8 percent in November.

Nationally, the number of newly laid off workers seeking jobless benefits unexpectedly rose last week.

The Labor Department said Jan. 21 that initial claims for unemployment insurance rose by 36,000, to a seasonally adjusted 482,000. Wall Street economists expected a small drop, according to Thomson Reuters.

Claims have dropped steadily since last fall, as companies cut fewer jobs. That has caused some economists to hope that hiring may increase soon. Initial claims have dropped by 50,000, or almost 10 percent, since late October.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.