Indiana small business had more good news to celebrate besides the DOW hitting 20,000 at the end of the January.
For the first time since 2001, Indiana’s unemployment rate decreased to 4 percent, a two-tenths of a percent decline from November’s measure.
According to the Department of Workforce Development, employment growth combined with a decrease in unemployment led to Indiana’s rate falling from 4.6 percent to 4.0 percent over the course of the year.
“Indiana experienced workforce growth in nearly all measurable areas during 2016; however, we still have work to do to reach our workforce potential as a state,” said Steven J. Braun, Commissioner of the Indiana Department of Workforce Development (DWD). “Moving forward, it is essential for Indiana to develop and expand programs that equip Hoosiers with the skills necessary to fill the thousands of open positions available today and the one million jobs projected to be available over the next decade.”
For Hoosiers, there is plenty of good news to go around. With private sector employment growing by 23,000 jobs since this time last year, unemployment insurance claims are now at their lowest point in 30 years.
