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Friday, March 29, 2024

Ind. unemployment drops below national average

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INDIANAPOLIS (AP) _ Indiana’s unemployment rate dropped to 8.5 percent last month.

Indiana Department of Workforce Development Commissioner Mark Everson said Tuesday the new rate compares with one of 8.8 percent in February to 9.5 percent in December, marking the first time since 1993 that Indiana’s jobless rate has fallen by a full percentage point within a three-month period.

Indiana’s rate last month was lower than any of its neighboring states and the 8.8 percent national rate.

The agency says total non-farm employment increased by 10,000 jobs, with manufacturing accounting for the largest gains with 5,200 jobs added. Leisure and hospitality services followed with 3,000 new jobs. The professional and business services sector reported the most significant decline, losing 2,200 jobs in March.

Copyright Ā© 2011 The Associated Press. All rights reserved.

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