Indiana unemployment rate drops to 6.9 percent
Indiana's unemployment rate has dropped to 6.9 percent, reaching its lowest level in more than five years.
Figures released Tuesday by the state Department of Workforce Development show Indiana's jobless rate fell four-tenths of a percentage point last month. The unemployment rate for December is the state's lowest since October 2008 when many job cuts were taking place as the recession deepened.
The state's jobless rate has been dropping since the summer after having been long stuck above 8 percent.
Indiana's unemployment rate is slightly higher than the national rate of 6.7 percent. The new report shows nearly 220,000 people were looking for jobs last month in Indiana.
The state says it ended 2013 with an increase of 42,600 jobs. That includes 4,800 jobs lost in December after a historic month of growth in November (+25,000).