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State’s unemployment rate climbs to 8.7 percent

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Indiana’s unemployment rate rose for the second straight month in August, to 8.7 percent, reaching its highest level since February, the state’s Department of Workforce Development said Friday morning.

The state’s jobless rate increased from a revised 8.6 percent in July, as total employment fell again—by 8,582 from July to August following a decline of 10,100 from June to July. State officials originally announced an 8.5-percent unemployment rate for July but revised it prior to Friday's announcement.

The number of unemployed Hoosiers rose to 273,902 in August from a revised 269,719 in July.

The only employment sectors adding a significant amount of jobs were construction and government.

Employment in manufacturing and trade, as well as in transportation and utilities, showed the largest declines.

Indiana’s unemployment rate remains lower than its neighbors. Ohio’s rate is 9.1 percent, Kentucky’s is 9.5 percent, Illinois’ is 9.9 percent and Michigan’s is 11.2 percent.

In the Indianapolis metropolitan area, the non-seasonally adjusted jobless rate was 8.3 percent in August, down from 9 percent in August 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.

Meanwhile, the nation’s unemployment rate in August remained at 9.1 percent for the second straight month.

The number of people applying for unemployment benefits jumped to the highest level in three months, a sign that the job market remains depressed.

The U.S. Labor Department said Sept. 15 that weekly applications rose 11,000 to a seasonally adjusted 428,000.

Applications need to fall below 375,000 to indicate that hiring is increasing enough to lower the unemployment rate. They haven't been below that level since February.
 

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  • More government jobs?
    OH, just what we need... more government jobs, instead of productive jobs...
  • It's the Stimulus Stupid
    Of course, unemployment is rising as a direct result of Federal stimulus funds running out.

    Republican plans to "reduce taxes and reduce regulation", besides leaving us deeper in debt and living in filth, will take years to "grow the economy." In coming out of the deepest recession since the Great Depression, further stimulus is fully in order until the economy gets back on its feet.
  • State’s unemployment rate climbs to 8.7 percent
    how is this possible with "all of the new businesses" our governor claims to be bringing in to the state?

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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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