State adds jobs in February at healthy clip
Hiring surged in several sectors of the economy, but the unemployment rate inched higher as more residents started looking for work.
Hiring surged in several sectors of the economy, but the unemployment rate inched higher as more residents started looking for work.
The number of people seeking U.S. unemployment aid barely changed last week, while the average over the past month fell to a fresh five-year low.
Indiana’s unemployment rate rose to 8.6 percent in January, from 8.3 percent in December, even though the state added 8,200 private-sector jobs during the month. The monthly rate hasn’t jumped that much since 2009.
Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. However, more than 130,000 people left the work force in February.
The number of Americans seeking unemployment aid fell to a seasonally adjusted 340,000 last week, driving down the four-week average to its lowest level in five years.
Unemployed Indiana residents will keep receiving federally extended unemployment benefits under a reversal by the Indiana Department of Workforce Development.
A plan aimed at matching up Indiana's workforce training programs with available jobs unanimously cleared the state House on Tuesday, as legislators from both parties embraced it as a possible way to help lower the state's stubborn unemployment rate.
Indiana’s unemployment rate rose to 8.2 percent in December even though the state added 8,300 private-sector jobs during the month. Officials attributed the increase to the more than 7,000 unemployed Hoosiers who resumed searching for work.
The Labor Department said the rapid drop in claims may be a short-term distortion. Long-term and extended claims for unemployment increased.
The Great Recession wasn’t caused by a housing market collapse; it was more than that. Our economic unwinding required lots of failures.
U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
More Americans sought unemployment benefits last week, though the winter holidays likely distorted the data from the U.S. Labor Department for the second straight week.
The Labor Department’s report Friday offered a mixed picture of the economy. Hiring remained steady during November in the face of looming tax increases. But the jobless rate slipped in part because more people stopped looking for work.
Indiana added 7,700 private-sector jobs in October, marking the largest monthly gain since May, as the unemployment rate fell for the second straight month.
The number of people seeking unemployment benefits fell last week by 8,000, but the figures were distorted by Superstorm Sandy. The four-week average of applications, a less volatile measure, rose by 3,250.
President Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt.
Researchers find that the recession had a particularly profound effect on the political attitudes of younger millennials, who’ve come of age as the adults who preceded them have lost homes, jobs and retirement funds. Their age group also faces high unemployment.
Indiana’s unemployment rate fell to 8.2 percent in September, the first decline for the rate since April, despite a loss of 6,000 private-sector jobs.
Unemployment benefit applications are a proxy for layoffs. When they consistently drop below 375,000, it suggests that hiring is strong enough to lower the unemployment rate.
A survey of Hoosier business owners shows an increasingly a ho-hum outlook, with only one in seven optimistic for their own company and even fewer encouraged about the U.S. economy.