NewsPublic Affairs / January 23, 2018

Unemployment Rate Drops In December, But So Did Labor Force

The unemployment rate fell to 3.4 percent last month. That represents a drop of half of a percent since October. unemployment rate2018-01-23T00:00:00-05:00
Original story from   IPBS-RJC

Article origination IPBS-RJC
Unemployment Rate Drops In December, But So Did Labor Force

The unemployment rate fell to 3.4 percent last month. That represents a drop of half of a percent since October.

Lauren Chapman/IPB News

Indiana’s unemployment rate went down in December, the second consecutive month it’s fallen.

The rate fell to 3.4 percent last month. That represents a drop of half of a percent since October.

Helping that drop in December: the private sector added 6,000 jobs, led by the manufacturing industry.

But the state’s labor force declined for the third consecutive month. The labor force includes people who either have a job or are actively looking for one. And more than 10,000 Hoosiers stopped looking for a job in December.

Contractions in the labor force can be seen as signs of pessimism in the economy.

 

 

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