Kokomo Tribune; Kokomo, Indiana

Business

November 24, 2013

Indiana unemployment drops

Manufacturing jobs driving the Hoosier economy

Indiana continued its downward trend in unemployment in October, according to U.S. Bureau of Labor Statistics numbers released Friday.

Indiana’s seasonally adjusted unemployment rate dropped by nearly 1 percentage point over the past three months to 7.5 percent. The decrease in unemployment in the Hoosier State signifies the largest three-month drop in more than 20 years, since September 1993. Indiana began the year with a rate of 8.6 percent and was at 8.4 percent in July. The last time Indiana’s unemployment rate was below 8 percent was November of 2008.

Here are some of the employment highlights, as emphasized by the Indiana Department of Workforce Development.

• Over the past three months, Indiana’s labor force has expanded by 6,000 workers and the number of unemployed Hoosiers has decreased by more than 27,000

• Over the past year, Indiana has added 32,000 private sector jobs, nearly 22,000 since January.

• Indiana’s private sector job growth ranks fifth in the nation in percentage of growth since the low point of employment in July 2009 (8.4 percent), and 10th in the nation in total private sector growth since July 2009 (+196,200).

• The Hoosier State added the fourth most manufacturing jobs in the nation during October (+3,600).

• Since the low point of employment in July 2009, Indiana has added 60,000 manufacturing jobs, which is second in the nation, at a 14% rate of growth, also 2nd in the nation.

• The Hoosier State continues to have the highest percentage of manufacturing jobs as a portion of the private sector in the United States.

• Over the past year, trade, transportation and utilities job growth in Indiana ranks third in the nation (+23,000), at a rate of growth which ranks second in the nation (+4.1 percent).

• Since the low point of employment in July 2009, Indiana has added 40,200 trade, transportation and utilities jobs, which is seventh in the nation, at a 7.4 percent rate of growth, also seventh in the nation.

• Indiana’s construction growth in October ranked eighth in the nation (+1,700).

1
Text Only | Photo Reprints
Business
  • CORRECTION Fast Food Workers Convention-3 [Duplicate] Fast food workers prepare to escalate wage demands CHICAGO (AP) — Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort th

    July 25, 2014 1 Photo

  • Resilient Stocks [Duplicate] Global tensions don't dent enthusiasm for stocks A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher. The market's resilience

    July 25, 2014 1 Photo

  • Earns General Motors [Duplicate] GM profit 2Q falls 85 pct. on recall costs DETROIT (AP) — Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190

    July 24, 2014 1 Photo

  • China McDonald's KFC [Duplicate] Boss of company in China meat scandal apologizes BEIJING (AP) — The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. Fast food chains in China suspended use of products

    July 24, 2014 1 Photo

  • IMF sees US growth at weakest since recession WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global len

    July 23, 2014

  • Wall Street [Duplicate] US stock slip to start the week; Six Flags sinks NEW YORK (AP) — The stock market drifted lower to start the week as more companies lined up to post their quarterly earnings. Mounting tensions between Russia and the West over the downed plane in Ukraine also occupied investors' attention. KEEPING S

    July 21, 2014 1 Photo

  • Russia's Severstal selling US plants for $2.3B NEW YORK (AP) — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened san

    July 21, 2014

  • BIZ - KT072014 - Ford acquisition - secondary pic Howell acquires Kokomo Ford franchise rights A few years ago, the owners of Brad Howell Ford and Kokomo Auto World threw around the possibility of Howell acquiring Kokomo’s Ford franchise rights from the latter, but things didn’t work out. The conversation was rekindled over the holidays during

    July 20, 2014 2 Photos

  • Wall Street [Duplicate] US stocks trading higher on company earnings Stocks headed for a higher close late Friday afternoon, rebounding on a wave of strong corporate earnings from Google, Honeywell and other big companies. Bank holding company Huntington Bancshares and furniture maker Knoll were among the big gainers.

    July 18, 2014 1 Photo

  • Indiana jobless rate up slightly to 5.9 percent INDIANAPOLIS (AP) — Indiana's unemployment rate rose slightly to 5.9 percent in June, marking the state's first increase in almost two years. Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark went up

    July 18, 2014

Latest news
Featured Ads
Only on our website
AP Video
Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites Anti-violence Advocate Killed, but Not Silenced. Dempsey: Putin May Light Fire and Lose Control Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller