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[r25] A changing economic climate; Indiana's growing private sector
Start Date: 4/4/2013Start Time: 8:00 AM
End Date: 4/4/2013End Time: 8:00 AM
Entry Description

A changing economic climate; Indiana’s growing private sector

The Hoosier economic climate continues to stand out as its private sector grows faster than the national average. Indiana has emerged from the recession in much better shape than most other states as we see vast improvements in job growth; more new businesses are opening; existing businesses are expanding; and other businesses are looking to locate here because of our pro-business and taxpayer-friendly environment. 

Our labor force grew by 22,000 in January and February, contributing to Indiana ranking second in the nation in manufacturing growth in February.  Since the low point of employment in July 2009, Indiana has added 188,500 private sector jobs, growing the workforce by 8.1 percent. The nation’s average for the same time period was only 5.1 percent. 
Manufacturing, professional and business services, trade, transportation and utilities, private educational and health services, leisure and hospitality and construction in Indiana all saw growth.

Out of all 50 states, Indiana is ranked fifth in the nation in rate of growth since July 2009. Also, we rank ninth in the nation in jobs added to the market since July 2009 only falling behind larger, more populated states like Texas, California and New York. Indiana ranks second in the nation in both jobs we have added over the past month as well as jobs added over the past year. Hard-working Hoosiers and Indiana businesses are helping keep our state above the national average, and we are continuing to do so.

We are striving to work beyond the numbers and break away from the recession rut our nation has been in. Our communities work hard to help restore the economy in our state, showing the rest of the country why we are the fiscal envy of the nation. Here at the Statehouse, we are working to improve the capabilities of the Hoosier job market and put more people to work.

Even with the substantial growth seen in our state, the unemployment rate still hovers around 8 percent. In STEM (science, technology, engineering and mathematics) fields, there are 2.4 jobs for every unemployed person right now, but there’s a skills gap in filling the demanded positions.

House Bill 1002, a bipartisan piece of legislation, sets to takes on Hoosier workforce and educational demands and combat the skills gap. It creates the Indiana Career Council to match education and skills training with the existing and future needs of the state’s job market. This legislation gets key leadership around the same table to figure out ways to help Hoosiers attain the education and training necessary to take available jobs and to facilitate the creation of additional opportunities.

Hoosiers are have the determination and capability to take on present and future challenges. I am confident in their resolve to lower the unemployment rate, and for Indiana to be the best place to start a family and a career.  In the House, we are focused on these principles and providing a sustainable job market for our communities.

-30-

State Rep. Don Lehe serves as Chairman of the Agriculture and Rural Development Committee. He also serves on the Environmental Affairs Committee and the Public Health Committee.  Rep. Lehe represents portions of White, Cass, Carroll, Clinton and Tippecanoe Counties.

Contact Information:
Name: Maggie Johnson
Phone: 317-232-9693
Email: majohnso@iga.in.gov
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    > A changing economic climate; Indiana's growing private sector
Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • About Indiana
  • Agency Name
    House of Representatives Republican Caucus

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