January jobs report filled with positive economic news
Employers raised pay, more people felt confident enough to look for work, and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.
Employers raised pay, more people felt confident enough to look for work, and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.
Private-sector employment rose during the month by 3,400 jobs, led by gains of 2,800 jobs in the Construction sector and 2,500 jobs in the Trade, Transportation & Utilities sector.
Solid October job gains in the manufacturing sector in were offset in part by losses in construction, hospitality and professional business services.
If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
Stores are also grappling with shoppers’ shift away from clothing and other traditional merchandise and more toward experiences like spas and concert tickets.
State employment grew to 3,043,800 in July, surpassing peak employment levels set in March 2000 by more than 2,000 jobs.
High-profile Democrat Jim Schellinger’s new job could help both parties achieve a key goal: increasing wages for all Hoosiers.
The state’s unemployment rate fell to 4.9 percent in June, sinking below 5 percent for the first time since February 2008, the Indiana Department of Workforce Development said Tuesday morning.
The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed. Average hourly pay was flat.
The trend indicates that employers are confident enough in future consumer demand to retain their staffs. The number of people receiving benefits fell 50,000 to 2.22 million.
The state’s unemployment rate fell from 5.8 percent in March to 5.4 percent in April, the Indiana Department of Workforce Development announced Wednesday.
Employers added only 126,000 jobs, the fewest since December 2013 and snapping a streak of 12 straight months of gains above 200,000. Wage growth remained modest.
The state added 1,700 private-sector jobs in February and its unemployment rate ticked down to 5.9 percent, the Indiana Department of Workforce Development said Friday morning.
Indiana added 8,600 private-sector jobs in January, but the state’s unemployment rate ticked up to 6 percent because of a “substantial” increase in the labor force, the Indiana Department of Workforce Development announced Tuesday.
The U.S. unemployment rate fell to 5.5 percent from 5.7 percent, the government said Friday. But the rate declined mainly because some people out of work stopped looking for jobs and were no longer counted as unemployed.
The Labor Department said Friday that the economy added 257,000 jobs in January, previous months were revised up, wages rose by the most in six years, and more Americans entered the job market.
An uptick in the employment cost index during 2014 could be a sign strong job gains are forcing companies to pay a bit more for workers.
Indiana added 4,000 private-sector jobs in December, but the unemployment rate ticked up as a flood of Hoosiers began looking for work, the state’s Department of Workforce Development said Tuesday morning.
The number of people seeking jobless benefits has been at historically low levels for 14 of the past 15 weeks. That indicates companies are retaining workers and expecting economic growth to continue.
In December, Indiana saw its biggest monthly increase in private sector jobs in 15 years, as the national economy boosted hiring across the country.