Indiana’s jobless rate dropped in August as more people returned to work across numerous industries after weeks off from pandemic fueled shutdowns and scaled back operations.
Ball State University economist Michael Hicks said the latest federal jobs report showing an increase of 1.4 million jobs during August indicates the economic recovery is slowing.
With more people returning to work as businesses reopen after months of shutdown or reduced operations, Indiana’s jobless rate also is showing signs of improvement.
The July COVID-19 survey from the Indiana Manufacturers Association revealed most respondents were optimistic about their future operations.
Job gains in leisure and hospitality, manufacturing, private education and health services helped lower May’s unemployment rate in Indiana.
A new study from Ball State University suggests it may take more than a year for Indiana state and local government revenue streams to recover from the COVID-19 pandemic.
Indiana’s manufacturing community has an optimistic view on the sector’s long-term health.
In the early months of 2020, Indiana appeared to be on a roll as far as the state’s economy was concerned.
Most participants in a recent survey conducted by the United Way of Porter County believe a return to pre-pandemic life will not happen until at least February 2021 or even later.
Orders across the country for people to stay home in late March and April to slow the spread of the coronavirus led to economic disruptions and ultimately job losses.