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[DWD] January 2014 Employment Report
Start Date: 3/17/2014Start Time: 10:00 AM
End Date: 3/18/2014End Time: 10:00 AM
Entry Description

For Immediate Release | March 17, 2014
Contact: Joe Frank
Phone: 317-234-7671
Email: jfrank@dwd.in.gov

   
 

January 2014 Indiana Employment Report

   

INDIANAPOLIS (March 17, 2014) – Indiana’s seasonally adjusted unemployment rate dropped 0.4 percent to 6.4 percent in January and is now at the lowest point since September of 2008 (6.3 percent). The rate of unemployment in Indiana remains below all neighboring states and is now lower than the national rate by 0.2 percent. Prior to the benchmarking process, the last time Indiana's rate was lower than the national rate was June of 2012.

 

Despite a gain of 4,600 jobs in the manufacturing sector, Indiana shed a total of 7,100 private sector jobs in January mainly due to the extreme nature of the winter season, which has been cited by the U.S. Federal Reserve as one of the chief causes of employment contraction throughout the country.

 

“There are many positives to note this month,” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. "Indiana's unemployment rate is not only lower than our neighboring states, but the national rate as well. In addition, 2,700 Hoosiers returned to the labor force and fewer were unemployed in January than at any time since August of 2008, causing our rate to fall almost one-half of a percentage point in one month.”

 

Sanders also noted Indiana's 2013 total private sector job growth number was revised upward by 8,200 jobs to 50,800 by the U.S. Bureau of Labor Statistics and despite the extreme winter weather, initial claims for unemployment insurance benefits were nearly 6,000 below January 2013 levels.

          Graphs-January          
Employment by Sector

Sectors showing gains in January include: Manufacturing (4,600), Financial Activites (1,400) and Professional & Business Services (200). Sectors showing decline in January include: Trade, Transportation & Utilities (-4,900), Construction (-4,300), Private Educational & Health Services (-2,100) and Leisure and Hospitality (-600). Total non-farm employment decreased in January (-10,000). 

  January 2013 December  2013 January 2014 Monthly Change
Indiana
7.9%
6.8%
6.4%
-0.4%
U.S.
7.9%
6.7%
6.6%
-0.1%
Illinois
8.2%
8.9%
8.7%
-0.2%
Kentucky
8.2%
7.9%
7.7%
-0.2%
Michigan
8.9%
8.3%
7.8%
-0.5%
Ohio
7.3%
7.1%
6.9%
-0.2%
 

EDITOR'S NOTE:  Total private sector jobs were revised upward (+3,200) for December by the U.S. Bureau of Labor Statistics. The February 2014 Employment Report will be released on Friday, March 28, 2014 due to the yearly federal benchmarking process.     

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

Employment Report (LAUS)

Jobs Report (CES)

-30- 

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

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