This data was released in May 2001 and reflects the period 1969 though 1999. Historical data for the U.S. and Indiana were revised for this forecast as well. With the new data, the forecast interval is now 2000 through 2003. During 2001, most regions of the state are expected to show negative employment growth.
Exceptions are the north-east part of the state and the Indianapolis region.
The situation improves in 2002, when seven of ten regions have employment growth, and further in 2003 when all regions show growth. Our outlook for income growth has also decreased relative to our November forecast. Three regions are expected to beat this average with the fastest income growth expected in the Indianapolis area.