Indiana’s unemployment rate dropped to its lowest level in five and a half years, now lower than the national rate, even as the state’s private sector lost jobs in January.
The Indiana unemployment rate fell nearly half a percent in January, its largest one-month drop in 20 years. Its rate of 6.4 percent is the lowest since September 2008 and the first time the state’s rate has been below the national average in nearly two years.
Indiana’s unemployment rate went up once again in February, though the state’s private sector marked the 20th consecutive month of job growth.
Indiana’s private sector added 5,800 jobs last month. And since July of 2009, the low point of the recession, the state has created jobs in all but four months. But at 8.7% in February, Indiana’s unemployment rate is at its highest level in more than a year.