Indiana’s preliminary seasonally-adjusted unemployment rate dropped 0.3 percent in September to 9.6 percent, according to the Indiana Department of Workforce Development.
Indiana’s unemployment rate has dropped 1.1 percent over the previous three months and is now lower than the national unemployment rate for the first time since October 2008. The national unemployment rate rose in September 0.1 percent to 9.8 percent.
“Indiana is bucking the national trend with three straight months of declining unemployment,” said Teresa Voors, Commissioner of the Indiana Department of Workforce Development. “We are encouraged by increases in manufacturing and professional and business service jobs. It’s still too early to say we have turned the corner, but Indiana’s economy is definitely trending in the right direction.”
Total non-farm employment in Indiana grew by 4,400 jobs in September. Revised August employment figures also showed an increase in total non-farm employment. This marks the first back-to-back monthly employment gains in Indiana since October/November 2007. In September, Indiana’s manufacturing sector added 3,000 positions from August. Professional and business service sectors added 2,900 jobs. Indiana did record a decline in construction of 3,300 positions, which could signal a premature end to seasonal construction season.
Indiana has the lowest unemployment rate of its neighboring states. Illinois increased 0.5 percent to 10.5 percent. Ohio’s unemployment rate decreased 0.7 percent to 10.1 percent. Kentucky decreased 0.3 percent to 10.9 percent. Michigan increased 0.1 percent to 15.3 percent.
Indiana’s unemployment rate stood at 6.1 percent in September 2008.