11/21/12 Indiana nearly doubled the national rate of job growth in October, adding 7,700 private sector jobs. This marks the largest monthly gain since May. Private sector employment in the Hoosier state is now at more than 96 percent of the 2007 pre-recession levels.
Significant October job gains also resulted in a drop in Indiana’s unemployment rate. Unemployment decreased to 8.0 percent from 8.2 percent in September, the largest one month decrease since April.
Marshall County’s unemployment rate decreased slightly from 7.8 in September to 7.7 in October keeping them at 34th in the state. Looking at the counties around us you’ll find LaPorte at number 6 on the list with a rate of 8.9 followed by Starke County who’s 7th in the state with a rate of 8.9 and Saint Joseph who’s 9th with a rate of 8.8. Elkhart County is 24th on the state’s list with a rate of 8.3 and Fulton County who is 36th with a rate of 7.6. Kosciusko County was 70th in October with a rate of 6.4.
“Over the past year Indiana has experienced one of the strongest periods of job growth in over a decade,” said Scott B. Sanders, Commissioner of the Department of Workforce Development. “Since last October we have added nearly 67,000 private sector jobs and continue to significantly outpace the national rate of growth.”
Employment sectors in Indiana that continue to exceed the national rate of growth in 2012 include Manufacturing (3.4 percent versus 1.3 percent), Leisure and Hospitality (4.2 percent versus 2.0 percent), Construction (3.2 percent versus -0.1 percent), Trade, Transportation & Utilities (1.3 percent versus 1.1 percent) and Private Educational and Health Services (2.0 percent versus 1.8 percent).
Sectors showing gains in October include: Leisure and Hospitality (5,200), Manufacturing (3,100) and Trade, Transportation & Utilities (2,200). The Professional and Business Services (-1,500) and Financial Activities (-1,100) sectors showed declines. Total non-farm employment increased in October (5,000).