*Correction to Employment by Sectors. We apologize for the error.
INDIANAPOLIS - Indiana added 3,000 private sector jobs in August. Total private sector employment has grown by 54,700 jobs (2.4 percent) in 2010. U.S. private sector job growth this year stands at 763,000 (0.7 percent). Indiana's preliminary seasonally-adjusted unemployment rate remained flat at 10.2 percent. The U.S. unemployment rate increased (0.1 percent) to 9.6 percent.
"Indiana is adding private sector jobs three-and-a-half times faster than the U.S. as a whole. Combined with new unemployment claims declining to levels not seen since 2007, we expect to see a drop in our unemployment rate in the coming months," said Mark W. Everson, Commissioner of the Indiana Department of Workforce Development.
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Employment by Sector
August showed strong gains in healthcare and temporary hiring, which often precedes permanent jobs.
Sectors reporting significant employment gains include: Professional and Business Services (5,100), Private Education and Health (3,400) and Leisure and Hospitality (500). Declines in Manufacturing (-4,100) and Government (-9,400) are considered seasonally-adjusted anomalies due to the timing of the automotive sector's traditional summer shutdown and when school resumed. Trade, Transportation and Utilities (-1,200) and Construction (-900) also reported a slight decline. Total non-farm employment decreased (-6,400).
Midwest Employment Picture
Indiana and its neighbors, except Michigan, report statistically even unemployment rates.
|
|
August 2009 |
July 2010 |
August 2010 |
Monthly Change |
|
Indiana |
10.3% |
10.2% |
10.2% |
n/c |
|
U.S. |
9.7% |
9.5% |
9.6% |
0.1% |
|
Illinois |
10.6% |
10.3% |
10.1% |
-0.2% |
|
Kentucky |
10.8% |
9.9% |
10.0% |
0.1% |
|
Ohio |
10.7% |
10.3% |
10.1% |
-0.2% |
|
Michigan |
14.3% |
13.1% |
13.1% |
n/c |
Unemployment Claims
New claims for unemployment have returned to 2007, pre-recession levels. New unemployment claims in Indiana are dropping at the fastest rate in the nation (-39.3 percent) and more than three times as fast as the national average (-12.1 percent). This decline shows a slowing contraction in the labor market.
EDITOR'S NOTE: July 2010 private sector employment was revised (-3,800) from the preliminary estimate. The September Employment Report will be released on Friday, October 22, 2010.
Links to the data used to compile the monthly employment report are listed below:
Employment Report (LAUS)
Jobs Report (CES)
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