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February 2014 Employment Report
Start Date: 3/28/2014 All Day
Entry Description

For Immediate Release | March 28, 2014
Contact: Joe Frank
Phone: 317-234-7671
Email: jfrank@dwd.in.gov

   
 

February 2014 Indiana Employment Report

   

INDIANAPOLIS (March 28, 2014) – The seasonally-adjusted unemployment rate in The Hoosier State continued its significant downward trend in February. The rate stands at 6.1 percent, down from an initially reported 6.4 percent in January. The number of unemployed Hoosiers is less than 200,000 for the first time since August of 2008. The unemployment rate has been on a downward slide so far in 2014 while the labor force has expanded by nearly 14,000. Indiana's rate is now more than one-half of a percentage point below the national rate for the first time in a decade.

 

Indiana also added 5,400 private sector jobs in February. The Hoosier State has grown more than 214,000 private sector jobs since July 2009, the low point of employment in the state. 

 

“Indiana has had a strong start to 2014 despite the harsh winter,” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. "Our unemployment rate is now the lowest it has been since August 2008 and our labor force has expanded by nearly 14,000 in two months.”

 

Sanders also noted initial claims for unemployment insurance in February were nearly 5,000 below February 2014 levels and are now at their lowest levels in nearly 15 years.

          Graphs-February          
Employment by Sector

Sectors showing gains in February include: Leisure and Hospitality (2,200), Construction (2,000), Trade, Transportation & Utilites (1,400) and Manufacturing (800). Sectors showing decline in February include: Private Educational & Health Services (-800), Professional & Business Services (-600) and Financial Activities (-300). Total non-farm employment increased in February (9,100). 

  February 2013 January 2014 February 2014 Monthly Change
Indiana
7.9%
6.3%
6.1%
-0.2%
U.S.
7.7%
6.6%
6.7%
 0.1%
Illinois
9.2%
8.7%
8.7%
 0.0%
Kentucky
8.2%
7.7%
7.8%
 0.1%
Michigan
8.8%
7.8%
7.7%
-0.1%
Ohio
7.3%
6.9%
6.5%
-0.4%
 

EDITOR'S NOTE:  Total private sector jobs were revised upward (+800) for January by the U.S. Bureau of Labor Statistics. The March 2014 Employment Report will be released on Monday, April 21, 2014    

Links to the data used to compile the monthly employment report are listed below:

Employment Report (LAUS)

Jobs Report (CES)

-30- 

  DWD Footer
Contact Information:
Name: Joe Frank
Phone: 317-234-7671
Email: jfrank@dwd.in.gov
Default
Entry Type:
Press Release
Entry Category:
  • Media Advisory
  • IN.gov Category:
  • Business & Agriculture
  • Agency Name
    Workforce Development, Indiana Department of

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