The department stated Indiana’s unemployment rate dropped 0.3 percent to 8.4 percent in February 2012. The nation’s unemployment rate is 8.3 percent.
Private sector jobs were unchanged this month. However, Everson said Indiana has seen private sector jobs grow by 5 percent since the 2009 low point of employment in the state, compared to the national growth of 2.9 percent.
Additionally, due to the improvement in the unemployment rate, the state is no longer eligible for Extended Benefits (EB), the last 20 weeks of federally funded extended benefits. According to federal law, Hoosiers will be unable to file for EB beginning Sunday, April 29, 2012. Approximately 10,000 Hoosiers are currently receiving extended benefits.