State adds jobs; unemployment rate stays at 8.4 percent

Keywords Unemployment
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Indiana added 5,900 private-sector jobs in July, but the unemployment rate remained unchanged, at 8.4 percent, the Indiana Department of Workforce Development reported Monday morning.

It was the fourth straight month of job increases in the state and the 40th in the past 43 months.

Significant job growth came in the trade, transportation and utilities sector, which added 10,800 jobs. It was the biggest one-month rise in the sector since 1990.

Professional and business services added another 4,100 jobs.

However, construction jobs fell by 3,400 and manufacturing dropped by 2,000.

July's seasonally adjusted employment total in the state fell slightly over June, to 2,924,709 while the number of unemployed dropped by more than 11,000, to 266,109.

The Indianapolis-Carmel metropolitan area saw unemployment fall to 7.5 percent on a non-seasonal-adjusted basis, down from 7.9 percent in June and from 7.9 percent in July 2012. Metro area figures are more reliable on a year-over-year basis due to seasonal fluctuations.

Indiana’s unemployment rate in July was lower than the rates in Illinois (9.2 percent), Michigan (8.8 percent) and Kentucky (8.5 percent), but higher than the rates in Ohio (7.2 percent) and the nation (7.4 percent).
 

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