Last month, Indiana’s unemployment rate experienced its biggest one-month decrease in more than two decades, falling to its lowest level in seven years.
Indiana’s private sector added more than 10,000 jobs in April, boosted by huge gains in the trade, transportation, and utilities sector. The unemployment rate fell to 5.4 percent, the lowest rate since May of 2008. And the decrease of .4 percent is the largest since July of 1993.
The state’s latest job growth numbers also put Indiana within reach of an elusive milestone – peak employment. March of 2000 saw the most Hoosiers ever employed in the private sector at once, with more than 2.6 million people on the job. After April’s gains, Indiana is now just 7,800 people away from that total.
