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Job losses in Indiana rank 2nd in U.S. [View All]

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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-02-07 01:08 PM
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Job losses in Indiana rank 2nd in U.S.
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Edited on Mon Apr-02-07 01:11 PM by LiberalFighter
Source: Ft Wayne Journal Gazette (Associated Press)

Indiana lost more jobs in February than any other state except Ohio as its struggling manufacturing sector helped fuel the loss of 7,400 non-farm-related paychecks.

Figures released Friday by the U.S. Bureau of Labor Statistics show that only Ohio lost more jobs, about 9,700, in February. New Jersey was third with some 6,200 job losses.

Indiana was one of only three states to report a decline in employment for the past year, shedding about 12,700 jobs. Most of those losses came from the states struggling manufacturing and construction sectors.

Despite a wave of announcements about companies moving to and expanding in the state, Indianas manufacturing-heavy economy continues to hemorrhage jobs, said Philip Powell, faculty chairman of the evening MBA program at Indiana Universitys Kelley School of Business.

Read more: www.fortwayne.com/mld/journalgazette/17014191.htm



I guess Governor Mitch Daniels'economic revitalization plan is working. He is a miracle worker.
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