September 21, 2018

Indiana Unemployment Rate Worsens Again

Original story from   IPBS-RJC

Article origination IPBS-RJC
Indiana's unemployment rate is the highest it’s been in nearly a year at 3.5 percent. - Brandon Smith/IPB News

Indiana's unemployment rate is the highest it’s been in nearly a year at 3.5 percent.

Brandon Smith/IPB News

Indiana’s unemployment rate rose again last month to 3.5 percent – its highest rate this year.

That’s despite other, positive signs for the Hoosier State’s economy.

The Indiana private sector added 3,600 jobs last month. Gains came from the financial sector and the construction industry.

And the number of Hoosiers with a job or actively looking for one grew last month by more than 11,000. That measure – the state’s labor force – has increased seven consecutive months. And labor force growth is viewed as a sign of optimism in the economy.

Yet the state’s unemployment rate is the highest it’s been in nearly a year. And August marked three months in a row in which the rate went up – the state’s worst stretch since the height of the recession more than eight years ago.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

 

Related News

Republican Legislative Leaders Applaud Unemployment System Change
State Petition Hopes to Remove Pit Bulls From Aggressive Breed List
For Some Older Adults In The Workforce, Retirement Still Out Of Reach