Posey County unemployment still among state's lowest | News
Unemployment in Posey County stood at 6.7% in April according to figures released by the Indiana Department of Workforce Development. The county is tied with Spencer, LaGrange and Tippecanoe and ranks among the 20 lowest in Indiana for unemployed workers.
Dubois County's 5.2% rate is the lowest in the state, just ahead of Hamilton (5.3%) and Daviess (5.5%).
Overall, Indiana’s seasonally adjusted unemployment rate declined by 0.2 percent to 8.5 percent in April, the largest one month decrease in over a year. Private sector employment in the Hoosier state also increased by 6,800 jobs over the past month and exceeded the national rate of growth. Indiana has now experienced private sector employment growth in 37 of the past 40 months.
April also recorded the biggest drop in the total number of unemployed in over a year. Seven thousand, eight hundred fewer Hoosiers were reported unemployed in April than reported in March. Weekly claims for unemployment insurance also decreased by more than 14 percent over the past month and initial claims continue to remain below 2005 levels.
“April’s employment picture is cause for cautious optimism,” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. “There is quite a bit more work to do, but things seem to be moving in the right direction, as evidenced by the largest drop in the unemployment rate in over a year.”
Sanders also noted that while the number of manufacturing jobs declined in April, manufacturing hours, which climbed to 42.4, have either remained consistent or increased for the fifth consecutive month and have been above the national average for the past four months. The sustained increase in hours for Indiana’s manufacturing production workers combined with sizeable increases in temporary manufacturing worker hires point to tangible growth potential in the sector.