Unemployment took a major drop in the Region according to the latest data. Indiana's jobless rate also fell in April. The state's seasonally-adjusted unemployment rate fell point-two-percent last month, to five-point-seven percent, marking the ninth in a row of declines. In Northwest Indiana, the jobless rate for the Gary Metropolitan Statistical Area (which includes Lake, Porter, Newton and Jasper Counties) dropped from eight-percent in March to seven-point-two percent in April 2014.
More information from the Indiana Department of Workforce Development:
INDIANAPOLIS (May 16, 2014) – Indiana’s seasonally-adjusted unemployment rate decreased 0.2 percent to 5.7 percent in April. Last month marked the ninth in a row of unemployment rate declines in the Hoosier State. Indiana’s unemployment rate has decreased by 2.1 percent over the past year and has remained below the national rate for the past four months. [Image/Indiana Department of Workforce Development]
The Hoosier state also added 4,400 private sector jobs in April. Since July of 2009, the low point of employment in the state, Indiana has added a total of 220,300 private sector jobs, one-third of which have come from the Manufacturing sector alone (+75,200).
Indiana’s labor force increased by 11,700 in April, marking the seventh straight month of labor force growth. Additionally, Indiana’s labor force participation rate exceeded the national rate in April for the first time since July of 2009.
“April’s job numbers maintained the positive economic trend for 2014 in the Hoosier State,” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. “Indiana’s unemployment rate continues to drop because more Hoosiers are going back to work as our labor force continues to grow, which is not the case with some of our neighboring states or the national trend as a whole.”
Sanders also noted claims for state unemployment insurance in April were nearly 10,000 below April 2013 levels. Initial claims and continued claims are now at levels not seen since 2000.