Here's a Look Inside Indiana's Stellar Jobs Report

Date: August 02, 2016 Last Edit: August 03, 2016

Indiana latest employment report has good news for small businesses

Here’s a Look Inside Indiana’s Stellar Jobs Report

“It’s clear Indiana is on a roll.”

That’s what Indiana Gov. Mike Pence—Donald Trump’s newly anointed running mate—had to say in a news release in the wake of the state’s June employment report.

Indiana’s unemployment rate fell from 5 percent to 4.8 percent from May, which marks a 3.6 percent drop since January 2013, according to Indiana Department of Workforce Development numbers. The number of unemployed people in Indiana dropped by 5,118 over the month.

Overall, Indiana is doing better than the national average in several key economic areas.

The state’s labor force participation rate—the number of people either with jobs or actively seeking employment—is also higher at 65.4 percent compared to 62.7 percent nationwide. The state’s 13.7 percent private sector employment growth rate has surpassed the nations by 0.9 percent.

The state has experienced 12 straight months of private sector job growth, according to Pence’s press secretary Kara Brooks. That continued growth has led to 2,641,000 private sector jobs in total, according to Brooks. Additionally, unemployment insurance claims are at their lowest point since 1987.  

Industry-wise, leisure and hospitality, private education and health services, construction, and trade, transportation, and utilities experienced the most growth over the month, according to Brooks.

“As we continue to foster an environment of growth and opportunity, our administration will continue to practice the pro-growth, low-regulation policies that help our economy grow,” Pence said.

Related Content: Small Business News | Economy | Indiana | Labor

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