The Herald Bulletin

Morning Update

Local Business

November 13, 2012

IU projects Anderson’s labor market dip among biggest in state

Anderson’s labor force is shrinking.

That’s according to numbers released Tuesday from Indiana University’s Kelley School of Business, which ranked the state’s 16 metro areas according to projected changes in their labor markets between 2010 and 2020.

Anderson and Muncie, which are projected to dip .4 percent and .3 percent respectively, were among the bottom three. Kokomo was the lowest, with a .6 percent projected decrease.

On the whole, Indiana can expect a slow down in labor growth, with just about 120,000 new workers projected within the decade. The state’s labor market will essentially lay flat in the following decade when baby boomers hit retirement age, the school said.

After 2030, the state’s labor market will resume its steady, but slow, rise.

The Herald Bulletin will continue to update this story.

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