recession

Local News
3:59 pm
Fri November 22, 2013

Indiana Jobless Rate Drops to Pre-Recession Level

Indiana's unemployment rate has dropped to 7.5 percent, marking its lowest level since late 2008 as the recession deepened.

Figures released Friday by the state Department of Workforce Development show Indiana's jobless rate fell three-tenths of a percentage point for October.   It’s nearly a full point lower than the 8.4 percent rate in June and July.

Indiana's jobless rate is slightly higher than the national rate of 7.3 percent. The new report shows nearly 223,000 people were looking for jobs last month in Indiana.

Local News
4:09 pm
Wed December 19, 2012

Kentucky Job Market Numbers Rising

Kentucky’s labor market numbers are returning to pre-recession levels.

Office of Employment andTraining Economist Manoj Shanker says Kentucky is now adding about 5,800 jobs each month. Shanker says one reason employers are hiring right now is because wages are low.

“Retail jobs and warehousing jobs have gone up. That’s because the wages have fallen a lot. So it doesn’t cost employers a lot to have people at the front lines working and selling things, especially during November and December,” Shanker said.