 November Indiana
Employment Report
Unemployment Rate Falls to Lowest Point in 15
years
INDIANAPOLIS (December 16, 2016) – Indiana’s unemployment rate decreased by two-tenths of a
percent to 4.2 percent in November, which marks its lowest point since 2001. The unemployment rate is a U.S. Bureau of Labor
Statistics (BLS) indicator that reflects the number of unemployed people as a
percentage of the labor force. Indiana’s
total labor force stands at over 3.3 million and the state’s 64.7 percent labor
force participation rate stands two percent above the national rate.
“Indiana’s unemployment rate continues to drop while private sector
employment continues to grow, which are positive signs for Hoosier workers and
jobseekers,” said Steven J. Braun, Commissioner of
the Indiana Department of Workforce Development (DWD). “In order for Indiana to
remain one of the most appealing states for business in the nation, it is critical
that DWD engages and trains potential workers not actively participating in
Indiana’s workforce in order to meet employers’ current and future demand for
skilled workers.”
Commissioner Braun also noted that private sector employment
increased 13,300 over the month and 36,500 over the year. He
added that initial unemployment insurance claims remain at the lowest
point in over 30 years
Employment by Sector
Indiana experienced across the
board growth in November, included in the Professional
& Business Services (8,300), All Other (1,700), Financial Activities
(1,500), Manufacturing (1,400), Leisure & Hospitality (1,000), Private
Education & Health Services (800) and Trade, Transportation
& Utilities (200) sectors. Construction (-1,600) was
the only sector to experience losses in November.
Midwest Unemployment Rates
EDITOR’S
NOTES:
Data are sourced from November Current Employment Statistics,
Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics
November employment data for Indiana Counties, Cities, and MSA’s
will be available Monday, December 19, 2016 at 12:00 p.m. (EST) pending U.S. Bureau of
Labor Statistics validation.
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