The Indiana Department of Workforce Development says the state's unemployment rate has risen slightly to 3.9 percent, offset in part by a gain of 2,500 jobs in the private sector. The unemployment rate, which has gone up in each of the last four months, has increased 0.9 percent since June.
Indiana's unemployment rate is lower than the 4.1 percent national average and labor force participation in the state -- 64.2 percent -- is higher than the 62.7 percent national average. The October report from the U.S. Bureau of Labor Statistics says the Indiana labor force had a net decrease of nearly 11,700, compared to September.
Year-to-date, the DWD says private sector employment has gained 22,600. October figures show a 3,400 increase in the private Financial Activities sector and a 2,100 increase in the private Trade, Transportation and Utilities sector. The Professional Business Services and Construction sectors on the private employment side combined for a loss of 5,400. Indiana is 14,700 jobs above peak private sector employment, which it hit November 2016.
Though not the lowest in the Midwest as it was one year ago, Indiana is still fairing better than most in the region. The state placed third in the Midwest behind Minnesota at 3.3 percent and Wisconsin at 3.4 percent in October. Next in line are Michigan at 4.5 percent, Illinois at 4.9 percent, Kentucky at 5 percent and Ohio at 5.1 percent.
By Mike McCarty Chief Executive Officer, Safe Hiring Solutions
Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...
Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.
The president of Butler University says the new building for the Lacy School of Business will create better engagement for students and faculty. The university unveiled the building Wednesday on the Indianapolis campus. James Danko says the new facility adds five times the classroom space and square footage for the school, which previously didn't have enough space for half of its classes. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, Danko called...
West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms.
By Chad Halstead, Partner, KSM & Tim Cook CEO, KSM Location Advisors
The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities. In exchange for new investments in these communities, investors receive preferential tax treatment. As traditional as it sounds, the QOZ program is...