Indiana’s unemployment rate improved in July for the second consecutive month.
That’s despite other, negative employment figures.
The Indiana unemployment rate declined by 0.1% in July, down to 3.4%. That’s the lowest it’s been in more than a year – and it’s the first time it improved two consecutive months in more than a year and a half.
But the state’s private sector shed 1,300 jobs last month, primarily in the leisure and hospitality, and trade, transportation and utilities sectors.
And in a worrying sign, the state’s labor force declined for the third consecutive month. The labor force measures both those with a job as well as people actively looking for one. And so, it’s often used as a barometer for confidence in the economy.
July marks the first time since the beginning of 2017 Indiana’s labor force worsened three months in a row.