INDIANAPOLIS (WLFI) – Unemployment rates dropped again for the State of the Indiana.
The state-wide unemployment rate fell in December to 6.9 percent. Currently the rate stands at 6.8 percent, the lowest its been since October 2008.
Tippecanoe County’s jobless rate fell more than one percentage point, to 5.4 in December. That is one of the largest decreases in the area. Out of all our local counties, that gives Tippecanoe the lowest jobless rate.
The rate of unemployment in Indiana remains below all neighboring states. One of the major factors contributing to the decline in unemployment is Hoosiers returning to work. The State of Indiana reports an increase in the labor force by nearly 6,000 in December.
For the year of 2013, Indiana added more than 42,000 jobs. Commissioner of the Indiana Department of Workforce Development Scott Sanders said there are fewer Hoosiers unemployed now than in the last five years.
“There are fewer Hoosiers unemployed [218,100] now than in the past five years,” said Sanders. “Just as important is the fact more than 21,000 folks have returned to the labor force over the past three months, which is unique in the Midwest. Although Hoosiers are encouraged, the economy is improving and there are jobs available, there still is more work to be done.”
Sanders also added claims for unemployment insurance continue to stay at the lowest levels since 2000.