Indiana’s unemployment rate has dropped to its lowest levels since the summer of 2007.
According to the Department of Workforce Development, the state’s unemployment rate fell to 4.5 percent, down 0.1 percent from August.
DWD officials say September marked the lowest rate of unemployment in the Hoosier State since July 2007. In addition, Indiana’s labor force made further gains last month and continues to be a Midwest leader, adding 84,000 individuals since January 2013. At 63.5 percent, Indiana’s labor force participation rate remains more than a full percentage point above the national average.
Private sector employment increased by 6,600 in September and is now 9,200 jobs above March 2000 peak employment levels. Gains were concentrated in the Private Educational & Health Services (+3,000), Leisure and Hospitality (+2,900), Construction (+1,700) and Manufacturing (+500) sectors.
“In September, Indiana experienced another decrease in unemployment due to strong levels of reemployment and labor force gains,” said Steven J. Braun, Commissioner of the Indiana Department of Workforce Development. “Indiana continues its robust economic recovery with consistent growth in private sector jobs, wages and labor force participation that are all above the national average.”