[r85] Unemployment Rates (11/13/2007)

Tuesday, November 13, 2007

Start Date: 11/13/2007 All Day
End Date: 11/13/2007

Indiana business is remaining vibrant even as the skies turn overcast and the temperature creeps lower on the thermostat. The Indiana Department of Workforce Development announced last month that unemployment in Indiana fell from 4.9% to 4.5% in September. Other states in the region, such as Illinois, have unemployment rates of 5.1%, Ohio at 5.9%, Michigan at 7.5%, Kentucky at 6.1%, and Wisconsin at 5.2%. As one can see, Indiana had the lowest unemployment rate in the Midwest for September.

The national average unemployment rate currently stands at 4.7%. Indiana's below-average unemployment speaks volumes about the state's overall economic health. The state remains competitive despite manufacturing job losses and intense competition domestically and overseas. The legislature is consciously working to compete with our biggest competitors, often located in countries such as China and Mexico. We need to be vigilant about keeping our economy competitive with these countries so we may keep our jobs with hard working Hoosiers. If we lose jobs we lose consumers, taxpayers, and friends.

The labor force in Indiana is over 3.2 million people, and the unemployed number around 145,000. By continuing to promote tax-friendly policies for both businesses and consumers, Indiana can reduce the number of unemployed and remain a leader in economic growth.

If you have any questions, please do not hesitate to contact my office at 1-800-382-9841, e-mail me at h85@in.gov, or write to me at 200 W. Washington St. Indianapolis, IN 46204.