The unemployment rate declined in April for the second consecutive month, down 0.3 of a percent to 3.6 percent. That’s the biggest single month drop since late 2010. And 3.6 percent is the lowest rate since February 2001.
But the Hoosier private sector lost 9,300 jobs last month. That’s the largest single month decline since June 2009. The losses were led by the manufacturing and private educational and health services sectors. And the private sector has now shed jobs four of the last five months.
The Hoosier unemployment rate ticked up by one-tenth of a percent to 4.1 percent last month. That’s the first increase since January of last year. The rate is still lower than the national average and all neighboring states.
After two consecutive months of declines, the private sector added jobs in February – 4,400 for the month. The surge was led by the manufacturing industry.