 November Indiana Employment Report
Private Sector Employment Reaches Preliminary Record Peak
INDIANAPOLIS (Dec. 21, 2018) – Indiana’s unemployment rate stands at 3.6 percent for November and remains lower than the national rate of 3.7 percent. With the exception of one month when it was equal (October 2014), Indiana's unemployment rate now has been below the U.S. rate for more than five years. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
Indiana’s labor force had a net increase of 2,216 over the previous month. This was a result of a 2,122 increase in unemployed residents and an increase of 94 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.40 million, and the state’s 65.1 percent labor force participation rate remains above the national rate of 62.9 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Employment by Sector
Private sector employment has grown by more than 25,900 over the year, and has increased by 2,800 over the previous month, primarily due to gains in the Manufacturing (3,100) and the Private Educational and Health Services (1,900) sectors. Gains were partially offset by losses in the Trade, Transportation and Utilities (-2,000) and the Leisure and Hospitality (-1,000) sectors. Total private employment reached a preliminary record highpoint of 2,714,800, which is 25,900 above the official December 2017 peak. The new November 2018 peak, like all data within this report, is subject to monthly revisions and annual benchmarking. In addition, preliminary Construction jobs continue to be at the highest level since April 2008.
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 MSAs will be available Wednesday, Dec. 26, 2018, at noon (Eastern) pending U.S. Bureau of Labor Statistics validation.
###
For additional information, contact:
|
