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Ind. Unemployment Below 8%; First Time Since ’08

Posted On November 22, 2013

By Mike Perleberg

 

image(Indianapolis, Ind.) – Indiana’s unemployment dropped significantly last month.

 

The Department of Workforce Development said Friday that the October unemployment rate was 7.5 percent, marking the first time since November of 2008 that the state’s unemployment has been below eight percent.

 

The state’s jobless rate has fallen more than one percent in the past three months. Governor Mike Pence called the lower rate a testament to the resilience of the hard-working people of Indiana, businesses, the policies embraced during the economic downturn.

 

“Indiana’s pro-growth policies of fiscal responsibility, lower taxes and less red tape are giving Hoosier businesses the confidence to grow and attracting new investment and jobs to our state. Our progress in education and workforce is attracting renewed interest in investment in Indiana. Because of our efforts, Indiana’s private sector job growth continues to significantly outpace the national average,” Pence said.

 

The governor said that despite 7.5 percent unemployment, there are still far too many citizens struggling and the state needs to continue working to attract new business investment and jobs.

 

DWD Commissioner Scott B. Sanders credited the decline to steady private sector job growth that Indiana has experienced for some time now.

 

Indiana’s 7.5 percent unemployment was on par with Ohio’s October unemployment. Kentucky’s was at 8.4 percent last month. The national rate was 7.3 percent in October.

 

Locally, Dearborn County’s unemployment was 7.2 percent. Switzerland County was the area’s lowest at 5.8 percent, while Ohio County was highest with 7.9 percent unemployment.

 

LOCAL UNEMPLOYMENT RATE 

 

COUNTY

OCTOBER 2013

SEPTEMBER 2013

OCTOBER 2012 

Dearborn

7.2

7.9

8.1

Franklin

7.6

8.1

7.9

Ohio

7.9

8.4

7.5

Ripley

7.6

7.5

8.2

Switzerland

5.8

6.0

6.5

Indiana

7.5

7.8

8.4

   Data source: Indiana Department of Workforce Development