jobs

Indiana Unemployment Rate Lowest Since Early 2001

May 19, 2017

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.

 

Indiana’s unemployment rate is at its lowest in more than 15 years.

The Indiana unemployment rate declined two-tenths of a percent in December, falling to 4 percent. That’s the third consecutive month the rate went down. It’s the largest three-month decline in nearly two years. And 4 percent is Indiana’s lowest rate since May 2001.

Yet the state’s private sector lost 6,000 jobs last month. Almost all of that – 5,900 jobs – came from the private education services sector. Only the manufacturing and construction industries added jobs in December.

Annie Ropeik / Indiana Public Broadcasting

A new study explores where Hoosier manufacturing workers go when they lose their jobs.

Its authors, at the Indiana Business Research Center, say it shows more investment in job training would go a long way.

Economic analysis director Tim Slaper says the study sought to answer a simple question about laid-off manufacturing workers:

Dan O'Connor / https://www.flickr.com/photos/doconnr/4152865395

A federal grant will let Indianapolis hire an economic recovery counselor to help put out-of-use industrial sites – and laid-off employees – back to work.

The city qualified for the $355,000 grant comes from the U.S. Department of Commerce's Economic Development Agency after thousands of recent manufacturing layoffs – especially those at Navistar and, earlier this year, Carrier.

"We can't keep suffering these job losses and not try to mitigate it in the future,” says Indianapolis economic development administrator Brent Pierce.

Courtesy Cummins Engine

New census data puts Columbus, Ind. in the top 20 cities for start-up business growth nationwide.

The numbers, released earlier this month, show that companies less than a year old made up nearly 5 percent of the city's businesses in 2014. That’s a 1.1 percent increase from 2009.

Lynn Friedman / https://www.flickr.com/photos/lynnfriedman/18263113926

Indiana’s unemployment rate declined in August for the fourth consecutive month, and is now at its lowest level in nine months.

The unemployment rate last month fell to 4.5 percent.

That marks a decline of more than half-a-percent in just four months.

The state’s private sector added 5,600 jobs last month, the fifth consecutive month of private sector job growth.

The increase was led by a surge in professional and business service jobs, while the leisure and hospitality sector also showed strong gains.

Data via IDWD

 

Department store Kohl's announced this week it will open a distribution center in a large warehouse near Indianapolis International Airport next year.

 

It'll be part of Indiana's most steadily growing logistics sector: The Department of Workforce Development predicts the state will add 5- to 6,000 warehousing jobs within the next decade.

 

For its part, Kohl's plans to hire 300 full-time and 600 part-time workers at the new warehouse in the All Points industrial park in Plainfield.

Andreas Johannsen / https://www.flickr.com/photos/andjohan/564471485

Indiana’s unemployment declined in July, the third consecutive month the rate went down. The rate is now the lowest it’s been since the start of the year:

More than 11 thousand Hoosiers found jobs in the private sector in July, pushing Indiana’s unemployment rate down to 4.6percent. The rate has dropped .2 percent the last three months. That’s the longest period of sustained decline since the first half of 2015.

July’s employment gains were boosted largely by the professional and business sector, while leisure and hospitality jobs saw a significant drop.

Dow AgroSciences / Glassdoor

Fifteen-hundred workers in Indianapolis could know by the end of the month if they're likely to become part of the biggest agribusiness in the world.

 

The Dow AgroSciences employees are awaiting regulatory approval for their parent company's plan to merge with DuPont, then split into three parts, including one for agriculture.

 

If the $130 billion deal goes through, the ag division's corporate HQ and corporate workers would move to Wilmington, Del.

Pages