Indiana’s unemployment rate shows large drop in December

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INDIANAPOLIS (Jan. 28, 2014) – Indiana’s unemployment rate dropped 0.4 percent in December to 6.9 percent.

According to the Department of Workforce Development, that’s the lowest the state’s seasonally adjusted unemployment rate has been at since October 2008.

One of the major factors in the decline is the number of Hoosiers returning to the labor force. The department said Indiana’s labor force increased by nearly 6,000 in December and has grown by more than 21,000 over the past three months.

The state said it ended 2013 with a total increase of 42,600 jobs. Indiana had historic job growth in November (adding more than 25,000 jobs) and also shed 4,800 jobs in December.

Indiana is just above the national unemployment rate, which is at 6.7 percent. The Hoosier State has a lower unemployment rate than neighboring states: Illinois (8.6 percent), Michigan (8.4 percent), Kentucky (8.0 percent) and Ohio (7.2 percent).