INDIANAPOLIS — Indiana's unemployment rate fell to 9.6 percent in September, down 0.3 percentage points from August, as growth in the manufacturing and service sectors helped Indiana gain the most new jobs of any state.
Figures released Wednesday by the Bureau of Labor Statistics show that Indiana added about 4,400 jobs to record its first back-to-back monthly gains since late 2007.
The state's seasonally adjusted jobless rate, which fell from 9.9 percent in August, reflected a regional trend. The Midwest was the nation's only region where the unemployment rate declined.
In September, Indiana had the lowest unemployment rate among its neighboring states. Michigan's jobless rate was 15.3 percent, Kentucky's stood at 10.9 percent, Illinois' jobless rate was 10.5 percent and Ohio's was 10.1 percent.
But with 287,720 Indiana residents still out of work in September, it would be premature to declare that the state has seen the worst of the recession, said Matt Kinghorn, an economic research analyst with the Indiana Business Research Center at Indiana University.
Indiana must first see a few more months' worth of job gains, he said.
http://content.usatoday.net/dist/custom/gci/InsidePage.aspx?cId=indystar&sParam=31862809.story
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
