peak employment

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

The number of unemployed Hoosiers decreased last month, the first time Indiana’s jobless rate has declined since September of last year.

The unemployment rate went down two-tenths of a percent in May, falling to five percent.

That’s the largest one-month decline in more than a year. 

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

Indiana’s unemployment rate dropped to its lowest level in eight years last month.

The unemployment rate fell by one-tenth of a percent to 4.6-percent in August; that’s the lowest level since 2007. 

Yet the state’s private sector lost 5,500 jobs last month, the first drop since February.  Still, the Hoosier State remains at peak employment, with the most Hoosiers employed at any time in Indiana’s history. 

And the state’s labor force expanded – that’s the number of people working or actively looking for a job. 

Flazingo Photos / https://www.flickr.com/photos/124247024@N07/

Indiana is just shy of its peak employment level, set in March of 2000. That‘s when the Bureau of Labor Statistics says the Hoosier State had 2,612,600 private sector jobs.  

Indiana Department of Workforce Development Spokesman Joe Frank says the state is now only 7,800 jobs short of that figure. Frank says Indiana's unemployment rate for April dropped by nearly half of a percentage point to 5.4-percent, the lowest it's been since May of 2008.