Indiana’s June unemployment rate dropped to 3.0 percent, bolstered by private sector growth. That growth helped fuel a 0.2 percent decline in Indiana’s unemployment rate, the lowest rate since November 2000.
The private sector added more than 10,100 jobs last month, primarily due to growth in business, educational and health services.
But that growth was offset by losses in construction, trade and utilities jobs. Along that same trend, Indiana’s labor force shrank in June, for the second month in a row.
The labor force includes people who have a job or are actively looking for one. Growth in the labor force is typically viewed as a sign of optimism in the economy.
