Photo: Burt Lum (Flickr)
Indiana’s unemployment rate dropped for the second month in a row as the state’s private sector continues to add jobs.
The state’s unemployment rate fell to 8.3 percent last month, down from 8.7 percent just two months ago.
The private sector added nine thousand jobs in May, the largest single-month increase in more than a year.
Still, the state’s unemployment rate continues to stay above 8 percent, which is considerably higher than the national average.
Ball State economist Michael Hicks says it’s actually the growing strength of Indiana’s economy compared to the rest of the country that’s causing the rate to stay high.
“The recovery is very uneven right now and it’s causing people to relocate to Indiana or either enter the labor force in Indiana when much of the nation is seeing a shrinkage,” Hicks says.
Despite a slight dip in the manufacturing jobs last month, Hicks says overall growth in the state’s manufacturing sector over the last few months is helping create that growing economic strength.