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DWD's commissioner says the state has not seen economic growth "on this level in a generation."
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updated: 5/18/2012 12:48:56 PM
State Unemployment Rate Goes Down
Indiana's unemployment rate is below 8 percent for the first time since November 2008. The Indiana Department of Workforce Development says the April rate was 7.9 percent, down from 8.2 percent the previous month. Commissioner Scott Sanders says the private sector added 15,400 jobs last month.
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May 18, 2012
News Release
INDIANAPOLIS (May 18, 2012) – Indiana’s private sector employment grew dramatically in April, adding 15,400 new jobs. This marks the fourth largest one-month increase in 22 years. Hoosier job growth of 0.6 percent was six times the US average of 0.1 percent in April and accounted for roughly 12 percent of the nation’s increase. Over the past year, Indiana’s gains (6.0 percent) have almost doubled that of the national average (3.1 percent).
Indiana’s unemployment rate dropped 0.3 percent to 7.9 percent, falling below the national rate of 8.1 percent. April was the fifth consecutive month the state’s rate declined. Indiana’s unemployment rate has not been below 8 percent since November of 2008.
“The Hoosier state has not seen economic growth on this level in a generation,” said Scott B. Sanders, Commissioner of the Department of Workforce Development. Sanders also noted Indiana has added 36,500 jobs in 2012, the most in a four month period since late 1998.
Every super sector grew in April, with manufacturing leading the way. The addition of 6,200 jobs in this sector alone outpaced Indiana’s entire private sector gains in March. Bucking the recent trend, manufacturing hours also increased, signifying sustained growth in the industry.
Employment by Sector
Sectors showing significant gains in April include: Manufacturing (6,200), Professional and Business Services (3,900), Leisure and Hospitality (1,900), Construction (1,100), and Financial Activities (1,000).
Source: Indiana Department of Workforce Development
