August 17, 2018

Indiana Unemployment Rate Worsens For Second Consecutive Month

Original story from   IPBS-RJC

Article origination IPBS-RJC
July marks the first time in about seven years the Indiana unemployment rate got worse in two consecutive months. - Brandon Smith/IPB News

July marks the first time in about seven years the Indiana unemployment rate got worse in two consecutive months.

Brandon Smith/IPB News

Indiana’s unemployment rate rose again in July, the second consecutive month the rate worsened. 

The Indiana unemployment rate climbed 0.2 percent over the last two months. It now stands at 3.4 percent, its highest point this year. And July marks the first time in about seven years the rate got worse in two consecutive months.

Yet the private sector added 5,600 jobs last month. Construction jobs surged, as did positions in the professional and business services sector.

And the state’s labor force increased for the sixth consecutive month – the best stretch in a year. The labor force is a measure that counts not just those who have a job, but also those who actively look for one. Growth in the labor force is typically seen as a sign people are optimistic about the economy.

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

Facing pushback, West Lafayette City Council postpones vote on conversion therapy ban
Indiana-based Shoe Carnival buys Alabama-based Shoe Station
Indiana-based Tire Rack is being acquired by Discount Tire