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Employment Report Shows Private Sector Job Loss

Indiana's private sector lost nearly 2,000 jobs last month despite near-record growth in the manufacturing sector.

The state's unemployment rate fell one-tenth of 1 percent to 5.7 percent last month, keeping the state below the national average for the ninth consecutive month.

And Hoosier manufacturing added 5,900 jobs, one of the largest single-month increases in a decade.

But private sector jobs shrunk, led by significant losses in the leisure and hospitality and trade, transportation and utilities sectors.

And while the Leading Index for Indiana – an economic indicator for the state – rose last month, it was a small increase, weighed down by a drop in confidence among homebuilders and small businesses.

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