State’s unemployment rate ticks up as labor force rises
Indiana’s labor force has grown by 67,519 over the past six months, the largest six-month increase since 1995.
Indiana’s labor force has grown by 67,519 over the past six months, the largest six-month increase since 1995.
Private sector employment in Indiana fell by 2,500 in June, but is up more than 16,600 over the year, the state said.
Private sector employment rose by 1,300 in May and is up more than 26,600 over the year, the state said.
For many Indianapolis residents, the problem isn't finding work. It's landing employment that pays enough to lift them from poverty and provides a financial cushion to absorb daily life's inevitable setbacks.
Unemployment statistics for the state released Friday by the Indiana Department of Workforce Development had a familiar look.
The overall unemployment rate is now the lowest since December 2000. The rate for African-Americans—6.6 percent—is the lowest on record since 1972.
Although the overall unemployment rate remained static from February, nearly 10,000 more state residents were employed in March than in February.
Private sector employment grew by 3,000 over the month and is up 24,400 over the past year, the state said.
The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from minimum wage increases in 18 states also likely boosted pay last month.
Private sector employment grew by 6,000 over the month of December and is up 24,400 over the past year, the state said.
The state’s rate has risen from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent.
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
Indiana’s unemployment rate jumped three-tenths of a percentage point for the second month in a row in September.
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
The U.S. Labor Department said unemployment rates were relatively stable in most states in July.
Indiana's unemployment rate made a a big drop in May, falling to 3.2 percent, the state’s Department of Workforce Development said Friday.
U.S. employers added just 98,000 jobs in March, the fewest in a year, but the unemployment rate fell to a nearly 10-year low of 4.5 percent, down from 4.7 percent in February.
Indiana’s unemployment rate rose slightly in February, the state’s Department of Workforce Development said Friday, due to gains in the number of people seeking employment.