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State's unemployment rate drops to 8 percent

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Indiana’s unemployment rate fell for the second straight month in October, to 8 percent.

The Indiana Department of Workforce Development said Tuesday morning that the rate decreased from 8.2 percent in September and 8.3 percent in August. The rate was 9.1 percent in October 2011.

The state added 7,700 private-sector jobs in October, marking the largest monthly gain since May, the department said.

“Over the past year Indiana has experienced one of the strongest periods of job growth in over a decade,” DWD Commissioner Scott B. Sanders said. “Since last October, we have added nearly 67,000 private-sector jobs and continue to significantly outpace the national rate of growth.”

The October rate was higher than the national rate of 7.9 percent, but lower than all neighboring states except for Ohio, which saw unemployment fall to 6.9 percent.

Indiana’s jobless rate has been at 8 percent or above in all but two months since December 2008.

Statewide non-farm employment in October totaled just under 3.2 million on a seasonally adjusted basis. A total of 234,740 people sought unemployment benefits, down from a revised 237,319 in September.

Job sectors showing employment gains in October included leisure and hospitality (5,200), manufacturing (3,100), and trade, transportation and utilities (2,200).

Sectors showing the biggest employment loss were professional and business services (-1,500) and financial activities (-1,100).

In the Indianapolis metro area, the non-seasonally adjusted jobless rate was 7.1 percent in October, down from 8.4 percent in October 2011. However, the area lost jobs, dropping to 891,506 in October from 910,709 a year earlier.

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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  • Is Indy area population shrinking?
    Indy metro unemployment rate has dropped from 8.4% to 7.1% while Indy metro lost 2.1% of its jobs? Expressed another way: The reported number of unemployed in the Indy metro dropped from 83,515 to 68,135. So we have 19,203 less people employed in the Indy metro at the same time that we have 15,380 less people unemployed. Thus, we have 34,583 less people in the workforce in the Indy metro. That's the real story. Is the Indy metro population decreasing or are there 35,000 more people that have given up on seeking work in the last year?

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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