Indiana unemployment rate holds steady in May at 2.2%
An estimated 73,911 Hoosiers are currently unemployed and seeking jobs, the state reported Friday. That’s down from 88,240 in December and 100,696 in November.
Unemployment
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Weekly applications for U.S. jobless benefits rise by 27,000
More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low.
U.S. watchdog warns unemployment benefits are at ‘high risk’ of fraud, abuse
The Government Accountability Office’s findings underscore the immense task facing Washington as it attempts to keep watch over the roughly $5 trillion in emergency aid it approved since the start of the pandemic.
Indiana unemployment rate holds steady in April at 2.2%
An estimated 72,191 Hoosiers are currently unemployed and seeking jobs, the state reported Friday. That’s down from 88,240 in December and 100,696 in November.
Americans collecting unemployment benefits hit 53-year low
American workers are enjoying historically strong job security two years after the coronavirus pandemic plunged the economy into a short but devastating recession.
Millions who retired early during pandemic now returning to work, new data shows
In some cases, workers say rising costs—and the inability to keep up while on a fixed income—are factoring heavily into their decisions.
U.S. employers post record employment openings, job quits
Employers posted 11.5 million job openings in March, more evidence of a tight labor market that has emboldened millions of American workers to seek better paying jobs and contributed to the biggest surge in inflation in four decades.
Why the Fed worries about strongest U.S. job market in decades
As the Federal Reserve sees it, the surge in job postings forces employers to boost wages to attract and keep workers. Those higher labor costs are then passed to customers in the form of higher prices, thereby helping fuel inflation.
Fewest Americans collecting jobless aid since 1970
About 1.42 million Americans were collecting traditional unemployment benefits in the week of April 9, the smallest number since Feb. 21, 1970.
State unemployment rate hits record low of 2.2%
An estimated 71,904 Hoosiers are currently unemployed and seeking jobs, the state reported. That’s down from 88,240 in December and 100,696 in November.
U.S. jobless claims tick up, but remain near a half-century low
Jobless claims rose by 18,000, to 185,000, the Labor Department said Thursday, after nearly touching the lowest level since 1968 in the previous week.
U.S. added 431,000 jobs in March in sign of economic strength
The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%. That’s the lowest rate since the pandemic erupted two years ago and just above the half-century low of 3.5% that was reached two years ago.
U.S. weekly jobless claims at lowest level since 1969
In total, 1,350,000 Americans were collecting jobless aid the week that ended March 12, another five-decade low.
Number of Americans collecting unemployment falls to 50-year low
U.S. businesses posted a near-record level of open jobs in January—11.3 million—a trend has helped pad workers’ pay and added to inflationary pressures.
Indiana’s unemployment rate continues descent, slipping to 2.4%
However, the state’s labor force participation remains at 61.9%—a record low for at least the last 45 years if one doesn’t count its sudden fall to 60.8% and quick recovery in the first three months of the pandemic.
U.S. job openings at near record, adding to price pressures
Wednesday’s report underscores the distorted nature of the job market after two years of the pandemic. There are 1.7 available jobs for every unemployed worker, which has led to widespread complaints among businesses about worker shortages.
U.S. added 678,000 jobs in February in sign of economic health
The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to a low 3.8%, extending a sharp decline in joblessness as the economy has rebounded from the pandemic recession.
Fewer Americans apply for unemployment benefits
Jobless claims fell by 18,000, to 215,000, for the week ending Feb. 26, from 233,000 the previous week, the Labor Department reported Thursday.
Fewest Americans collecting unemployment aid since 1970
A winter spike in coronavirus infections briefly tripped up the country’s rebound from 2020′s virus-caused recession, but employers appear confident in long-term growth and are eager to hire.
Weekly U.S. jobless claims up, but remain historically low
In total, fewer than 1.6 million Americans were collecting jobless aid the week that ended Feb. 5, a decrease of about 26,000 from the previous week.