Indiana’s unemployment rate dropped to its lowest level in five and a half years, now lower than the national rate, even as the state’s private sector lost jobs in January.
The Indiana unemployment rate fell nearly half a percent in January, its largest one-month drop in 20 years. Its rate of 6.4 percent is the lowest since September 2008 and the first time the state’s rate has been below the national average in nearly two years.
The New Tech Network works with schools throughout the country to design academic programs that focus on project-based learning and student empowerment. One of only a handful of New Tech middle schools opened in Fort Wayne this year. Towles Middle School is one of many New Techs in Northeast Indiana. The region has one of the highest concentrations of the program in the country.
This classroom is larger than average, and each student has their own personal laptop to work on. Eighth-grader Malique Tai sits down to his in creative writing and media class.
An Indiana University economist says the Leading Index for Indiana – an economic predictor for the state – is sending mixed messages about the health of the Hoosier economy.
The Leading Index is at its highest point in four months, backed by positive reports from home builders and strong automotive sales. But Indiana Business Research Center Economic Analysis Director Timothy Slaper says small business optimism is down and rising mortgage rates are dampening enthusiasm.
Governor Mike Pence is encouraging more companies to take part in HIRE, a state program that helps former convicts reenter the workforce. Pence says the program generated $8 million last year for the state.
Of the more than 20,000 people released from Indiana prisons each year, the Department of Corrections reports 36 percent return to prison within three years. The recidivism rate climbs to 60 percent if the person is unemployed.
With a month still to go this year, the Indiana Economic Development Corporation Wednesday announced 2012 will set a record for commitments from companies to locate or expand operations in the state. But IEDC CEO Dan Hasler says he’d still like to see more of the commitments turn into actual jobs.
Since the mid-1990s, per capita income (as a percentage of national per capita income) has been steadily dropping for residents of Northeastern Indiana. But new data released this week shows the downward trend may have finally turned the corner.
Democratic gubernatorial candidate John Gregg Thursday unveiled an eight-point plan aimed at increasing the state’s total exports by 50% in five years.
Gregg applauded the work of Gov. Mitch Daniels in expanding Indiana’s global presence and says as governor, his policies would further that work.
They include coordinating statewide export strategies, developing tax incentives for Hoosier businesses that export at least 75% of their products and creating an export innovation fund that would provide money to trade associations and private businesses.