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The news is good, but not dynamic.

Indiana's business statistics continue to fare better than those of the nation as a whole, but they're not as dynamic as they've been through much of the economic downturn.

The state's jobless rate in June dropped from 6.3 percent to 6.2 percent before seasonal adjustment, but the state usually sees a much greater seasonal drop. Just six of the state's 13 major metropolitan areas saw their unadjusted rates decline in June, and five saw the rates increase. Consequently, the adjusted unemployment rate for Indiana increased to 6.7 percent in June, up from 6.6 percent. Just four areas--Elkhart, Lafayette, New Albany and South Bend--recorded decreases in their jobless rates after adjustment for seasonal factors.

The July figures for the nation as a whole were improved; the jobless rate declined from 7.8 percent to 7.7 percent. Total U.S. establishment employment rose by nearly 200,000 workers in July, and manufacturing employment was up 1,000.

It is possible that the Indiana July figures will follow this pattern when they're released, though gains may be offset by reported layoffs in some parts of Indiana in July.

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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Indiana business statistics
Publication:Indiana Business Magazine
Date:Sep 1, 1992
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