January 23, 2018

Unemployment Rate Drops In December, But So Did Labor Force

Original story from   IPBS-RJC

Article origination IPBS-RJC
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

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.

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

Local nonprofits receive $200K each for workforce development programs
Indiana joins others in objecting to USA Gymnastics settlement plan
During the first year of the pandemic, Boone County saw huge growth in filled jobs