วันพุธที่ 9 กันยายน พ.ศ. 2552

Automobile Downfall Affecting Entire Economy in Indiana

Indiana, like most U.S. States, is showing a significant rise in the unemployment rate. The latest statistics show the current unemployment rate to be right at 10.7 percent. That is an increase from the month of May of about a half of a percent. Although the numbers are high, Indiana showed one of the smaller increases in the Mid-West. It's neighbor, Illinois, had an increase of 0.2 percent, and Kentucky had an increase of 0.3 percent. During the month of June, the State added close to 5,000 service jobs, which probably helped lower the rate of unemployment for that month.

Some of the most common jobs held in the State, are retail sales, cashiers, food prep workers, nursing, laborers, office clerks and truck drivers. Some the most sought after means of employment are jobs in the area's of equipment operators, Fiberglas laminators, milling machine setters and planners, and insurance appraisers.

The number of homes in foreclosure for the State are increasing. Although the average cost of a home for sale in Indiana is less then the surrounding five States, the number of consumers losing their homes is still rising. Home sales are slow, as is the trend for just about everywhere in the U.S. currently.

Even with the rate of unemployment on the rise, and the number of foreclosures escalating, Indiana has shown a steady increase in population. Counties' that are located nearer the Chicago area seem to be appealing to consumers, due to the fact that they can commute to work if they work in the City, yet want to enjoy the quieter surrounding's of a more rural area of Indiana as a home base.

Indiana offers a wide variety of geographical findings. It includes a forty one mile waterfront on Lake Michigan, which is one of the largest industrial sights found in the United States. This area produces much of the iron, oil products and steel used in the U.S. Also produced in this area are auto, mobile home, R.V., truck and bus parts. For agricultural purposes, Indiana is a leader in soybean, wheat, rye, onions and corn production. It also leads the nation in hog sales.

Ronnie Tanner is a contributing writer at Indiana Junk Yards. He writes about Soth Bend Salvage Yards, junk yards in Muncie and other industry specific topics.

Article Source: http://EzineArticles.com/?expert=Ronnie_W_Tanner

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