Indiana’s private sector lost nearly 6,000 jobs in September, the first decline in nearly a year. Yet the state’s employment rate also fell for the first time since April.
Indiana’s unemployment rate had gone up or held steady for five months while, at the same time, the private sector created jobs.
Last month, that trend changed as the unemployment rate fell to 8.2%. University of Indianapolis economist Matt Will says while September’s jobs report isn’t positive, it also isn’t time to panic.