Skip to main content
You are the owner of this article.
You have permission to edit this article.
Edit
Indiana unemployment falls under 5 percent for first time since 2008
centerpiece urgent

Indiana unemployment falls under 5 percent for first time since 2008

Indiana's unemployment rate fell below 5 percent in June for the first time since February 2008, while Illinois' jobless rate dropped from 6 percent to 5.9 percent.

The jobless rate in Indiana declined by 0.2 percent in June, though private-sector employment declined by 3,800, according to the Indiana Department of Workforce Development. The state's unemployment rate, which is lower than the national rate of 5.3 percent, still fell for the third straight month because of a drop in the number of unemployed Hoosiers.

"Consistent sizable growth of our labor force and significant declines in the number of unemployed Hoosiers since January of 2013 culminated in the lowest unemployment rate in over seven years in June," Indiana Department of Workforce Development Commissioner Steven Braun said.

"During the same period, the number of private-sector jobs has increased by more than 114,000, and our labor force has consistently participated at a rate above the national average."

The state gained 1,600 manufacturing jobs and 1,300 leisure and hospitality jobs in June, but lost 3,600 jobs in trade, transportation and utilities.

"Indiana's economy is on the move thanks to hard-working Hoosiers and businesses both large and small," Gov. Mike Pence said. "With each passing day, it becomes more apparent that Indiana is strong and growing stronger, and now, for the first time in more than seven years, Indiana's unemployment rate is below 5 percent. Our administration is committed to implementing the kinds of pro-growth policies that allow businesses to succeed and families to thrive, and Hoosiers can be assured that we will not relent in these efforts in the months to come."

Indiana Democratic Party Communications Director Drew Anderson said the jobs numbers do not accurately reflect the state's economic well-being. He pointed to the state's Gross Domestic Product growing at an anemic rate of 0.4 percent last year, weekly wages falling 15.6 percent behind the national rate, and income being 1.6 percent lower in the Hoosier state than it was back in 2008.

"Hardworking Hoosiers aren't 'growing stronger every day' nor are they feeling this economic 'momentum.' Gov. Pence describes each month," Anderson said. "Fact is, Mike Pence simply isn't driving the bus with Indiana's economy, and we are witnessing the consequences as everyday Hoosiers continue to fall behind the rest of the nation. Hoosiers know we can do better, and it begins by removing Mike Pence as our governor."

Indiana now has the eighth highest jobless rate out of the 12 Midwestern states, trailing Nebraska, North Dakota, Iowa, South Dakota, Minnesota, Kansas and Wisconsin. Illinois has the highest in the Midwest at 5.9 percent. Illinois has the 36th highest jobless rate nationwide.

The Land of Lincoln lost 7,500 jobs in June, according to the Illinois Department of Employment Security. The state agency estimates the number of jobs won't reach pre-recession levels in Illinois until September 2016.

"The drop in the number of unemployed Illinois residents since the beginning of this year is not entirely attributable to people finding jobs, rather to people leaving Illinois' workforce altogether," IDES Director Jeff Mays said. "This factor must be considered when highlighting lower unemployment numbers."

"Indiana's economy is on the move thanks to hard-working Hoosiers and businesses both large and small. With each passing day, it becomes more apparent that Indiana is strong and growing stronger, and now, for the first time in more than seven years, Indiana's unemployment rate is below 5 percent. Our administration is committed to implementing the kinds of pro-growth policies that allow businesses to succeed and families to thrive, and Hoosiers can be assured that we will not relent in these efforts in the months to come." -- Gov. Mike Pence

Quote

"Hardworking Hoosiers aren't 'growing stronger every day' nor are they feeling this economic 'momentum.' Gov. Pence describes each month. Fact is, Mike Pence simply isn't driving the bus with Indiana's economy, and we are witnessing the consequences as everyday Hoosiers continue to fall behind the rest of the nation. Hoosiers know we can do better, and it begins by removing Mike Pence as our governor." -- Indiana Democratic Party Communications Director Drew Anderson

Quote
0
0
0
0
0

The business news you need

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Business Reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News

Crime

Entertainment & Dining

Latest News

Local Sports

NWI Prep Sport News

Weather Alerts