The number of private sector jobs added in Indiana in January is the highest monthly increase in a year.
Indiana’s private sector added 13 thousand jobs in January, the most since January of 2011. The state’s unemployment rate dropped to eight and a half percent, its lowest rate in six months.
While the country as a whole saw significant job growth in January, Governor Mitch Daniels says Indiana’s growth is particularly strong:
“At two percent of the nation’s population, we added five percent of the nation’s new jobs,” he says.
And the good news extends to last year. At the beginning of each year, the national Bureau of Labor Statistics goes over employment figures and updates its numbers. And Indiana made out much better than previously thought. Initial figures were 27 thousand jobs created in 2011. The bureau revised that to more than 43 thousand jobs.
The state’s labor force – people both with jobs and looking for work, swelled to its highest since before the recession. Daniels says that’s a very positive sign:
“This is a sign of the work ethic of Hoosiers; they want to work, they’re looking for work. I think it’s also a sign of some optimism; they see enough activity to encourage those who are not already employed to get out and look,” he says.
With the improved unemployment rate, Indiana is no longer eligible for the last 20 weeks of federal unemployment benefits. Hoosiers will no longer be able to apply for those benefits beginning in April.