Jobless numbers up slightly, still below national rate
INDIANA—Indiana’s unemployment rate in November ticked up slightly to 3.6 percent from the October rate of 3.5 percent, according to data released by the Department of Workforce Development Friday.
The low in Indiana’s unemployment rate was 3.2 percent in February.
The rate remains below the national unemployment rate of 3.7 percent—as it has been for every month except one over the past five years. In October 2014, Indiana’s jobless number was the same as the national rate.
The monthly unemployment rate is a U.S. Bureau of Labor Statistics indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
Indiana’s labor force had a net increase of 2,216 over the previous month. This was a result of a 2,122 increase in unemployed residents and an increase of 94 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.4 million, and the state’s 65.1 percent labor force participation rate remains above the national rate of 62.9 percent.
Private sector employment has grown by more than 25,900 over the year, and has increased by 2,800 over the previous month. The manufacturing sector gained 3,100 jobs and private educational and health services gained 1,900 jobs.
The gains helped to offset the 2,000 jobs lost in trade, transportation and utilities and 1,000 jobs lost in leisure and hospitality. Total private employment was reported at more than 2.7 million. The data is subject to revision.
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