Unemployment rose in Posey County last month | News
Unemployment in Posey County ticked up a half-percent from May to June according to figures released by the Indiana Department of Workforce Development. Posey County’s unemployment rate stood at 7.8% in June, up from 7.3% in May.
Overall, most southwest Indiana counties saw their jobless rate go up from the month before, however, Workforce Development was positive as a whole, especially in manufacturing.
Private sector employment in Indiana grew by 5,300 jobs in June, the third month in a row of significant increases. The bulk of growth came from the manufacturing sector, which expanded by 4,300 jobs over the month, the largest one month jump since August 2004. Indiana continues to have the largest percentage of manufacturing jobs as a portion of the private sector in the United States.
The seasonally adjusted unemployment rate edged up in June to 8.4 percent, though the increase was lower than most neighboring states.
“The manufacturing sector experienced the largest one-month increase in nearly a decade,” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. “The majority of the growth occurred in durable goods, mainly in transportation equipment.”
Sanders also noted that private sector employment for June of 2,518,600 has not been near this level since June 2008 (2,530,600), and initial claims for unemployment insurance continue to remain at their lowest levels since 2000.