NewsPublic Affairs / August 16, 2019

Indiana Unemployment Rate Improves Again, Lowest In A Year

Indiana Unemployment Rate Improves Again, Lowest In A YearIndianas unemployment rate improved in July for the second consecutive month.Indiana unemployment rate2019-08-16T00:00:00-04:00
Original story from   IPBS-RJC

Article origination IPBS-RJC
Indiana Unemployment Rate Improves Again, Lowest In A Year

Indiana’s unemployment rate improved in July for the second consecutive month.

Lauren Chapman/IPB News

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.

 

 

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