Indiana’s unemployment rate is nearing record employment this summer, registering a 4.9 percent unemployment rate—the lowest since 2008.
That’s welcome news for Hoosier small business owners still recovering from the Great Recession. According to the Indiana Department of Workforce Development, June was the sixth straight month of decreased unemployment.
If that trend continues, August’s unemployment report could bring the state record employment.
Meanwhile, in other positive news for the state’s small business owners, Gov. Mike Pence is debating whether to pay back early a federal loan to the state’s Unemployment Insurance Trust Fund, a move that could save Hoosier employers millions of dollars in interest fees: $327 million in 2016, to be exact, if the loan is paid off on Nov. 9.
