The state’s unemployment insurance trust fund ran out of money when the recession hit, forcing Indiana to take out the loan.
The Hoosier State’s private sector rebounded from August job losses to add 6,600 jobs last month.
The move comes after an enthusiastic response from the State Budget Committee.
The unemployment rate fell to 4.6 percent in August; that’s the lowest level since 2007.
Indiana's unemployment rate also dropped to 4.7 percent in July.
The unemployment rate decreased to 4.9 percent last month, marking the first time it’s dropped below 5 percent since February 2008.
The Hoosier State’s unemployment rate decreased to 4.9 percent last month — the first time it’s been below 5 percent since February 2008.
Indiana had its largest decrease in the unemployment rate in more than 20 years in April, falling from 5.8 to 5.4 percent.
IU will make a "major announcement" today about an athletics donation; the national unemployment report for May is out today. Read more in our morning roundup.
While the private sector added about 16,000 jobs over the last three months, 18,000 people left the state's labor force.