 July Indiana
Employment Report
INDIANAPOLIS (August 19, 2016) – Indiana’s seasonally-adjusted
unemployment rate dropped 0.2 percent for a second-consecutive month and now
stands at 4.6 percent for the month of July. A primary cause for this drop
is a third-straight month of significant gains in Hoosiers finding employment (11,276 in July) coupled with
a substantial amount of Hoosiers leaving the unemployment ranks (-7,480 in
July). Indiana’s labor force, a
measure of Hoosiers employed or seeking employment, has experienced total labor
growth of more than 192,000 since January 2013. This has led to all-time highs
in the state’s total labor force (3,375,563) and total
number of employed (3,220,007).
“Indiana’s labor force has been trending positively
throughout the last three years, which demonstrates confidence
among Hoosier jobseekers as they secure gainful
employment. The
corresponding contraction of the
applicant pool is also increasing employer demand for workers with the right skills
and training,” said Steven J. Braun, Commissioner of the Indiana Department of
Workforce Development (DWD). “DWD, along with its WorkOne Career Centers and
other community partners, can assist jobseekers in obtaining the skills and
training necessary to fill the many high-wage, high-demand jobs available
throughout Indiana.”
Commissioner Braun also noted that since 2009, the low point
of employment for the state, Indiana’s private sector employment growth has
surpassed the nation (13.8 percent vs. 13.0 percent). Total private employment for
July stands at 30,000 above the March 2000 peak, and July is the 13th-consecutive
month above that peak. Additionally, initial and continued unemployment insurance claims for
the first 32 weeks of 2016 are at their lowest point since 1987.
Employment by Sector
The highest levels of growth occurred in the Professional & Business Services (2,000), Private Education & Health Services (700) and Manufacturing (400) sectors. Gains were partially offset with losses in the Leisure & Hospitality (-2,100), Trade, Transportation & Utilities (1,500) and Construction (-800) sectors. Over the past three years, Indiana’s private sector has grown by 149,000 jobs.
Midwest Unemployment Rates
EDITOR’S
NOTES:
Data are sourced from July Current Employment Statistics,
Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics
July
employment data for Indiana Counties, Cities, and
MSA’s will be available Monday, August 22, 2016 at 12 p.m. pending U.S. Bureau
of Labor Statistics validation.
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