Unemployment Ticks Up in November

Posted: Updated:
INDIANAPOLIS -

Indiana's unemployment rate saw a slight increase in October, rising to 3.6 percent. The Indiana Department of Workforce Development says the state added 2,800 private sector jobs last month with total private employment hitting a new preliminary record high.

The state's unemployment rate is 0.1 percent higher than the previous month and 0.2 percent higher than the same month in 2017. Indiana remains lower than the national rate, which remained steady at 3.7 percent. According to figures from the U.S. Bureau of Labor Statistics, Indiana's labor force participation rate remained flat at 65.1 percent and remains higher than the national rate of 62.9 percent.

The preliminary November 2018 employment peak of 2,714,800 jobs is nearly 26,000 more than the official record high set in December 2017. The DWD says the new record is subject to monthly revisions and annual benchmarking before being made official.

The majority of the gains in private sector employment came from the manufacturing and private educational and health services sectors. The gains were offset by losses in the trade, transportation and utilities, and leisure and hospitality sectors. 

Indiana continues to have the lowest unemployment of the surrounding states. Only Minnesota and Wisconsin continue to have lower unemployment rates at 2.8 and 3.0, respectively.

You can connect to more about Indiana's unemployment rate from the Department of Workforce Development by clicking here.

  • Perspectives

    • Are You Sacrificing Your Retirement for Your Adult Kids?

      Based on statistics, you are! A whopping 63 percent of parents have actually sacrificed their financial security for the benefit of their children, while 72 percent say they’ve put their children’s interests ahead of their financial retirement needs. What does that look like in dollars? Parents contribute $500 billion to adult children annually - half of what they contribute to their own retirement accounts! Where Do the Dollars Go? According to a June 2018 survey conduc...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Blue Buffalo makes natural cat and dog food and treats, which are sold nationwide.

      Blue Buffalo to Open $200M Richmond Facility

      Connecticut-based Blue Buffalo Pet Products (Nasdaq: BUFF) will Monday hold a grand opening for its $200 million manufacturing facility in Richmond. The natural pet food producer plans to create up to 165 jobs in Wayne County. Governor Eric Holcomb and Richmond Mayor Dave Snow will join company executives Monday morning for the grand opening. The facility, which includes a research and development center, is Blue Buffalo's second in the United States. When the company announced...
    • Are You Sacrificing Your Retirement for Your Adult Kids?

      Based on statistics, you are! A whopping 63 percent of parents have actually sacrificed their financial security for the benefit of their children, while 72 percent say they’ve put their children’s interests ahead of their financial retirement needs. What does that look like in dollars? Parents contribute $500 billion to adult children annually - half of what they contribute to their own retirement accounts! Where Do the Dollars Go? According to a June 2018 survey conduc...
    • Jones talked about the new offering on this weekend's edition of Inside INdiana Business With Gerry Dick.

      Academy Targets ‘Red Hot’ Cyber Job Market

      The founder of Fishers-based Eleven Fifty Academy believes two new course offerings can help fill a growing cybersecurity job market in Indiana and he plans on rolling out the curriculum in markets statewide.  Scott Jones says the full and part-time courses, which feature a “cyber range” to give students hands on experience, are the first of their kind in Indiana. "We teach it in twelve weeks and you come out with two industry certifications that virtually...

    • (photo courtesy Indiana FFA Organization)

      Indiana FFA to hold 90th Convention, Elect State Officers

      The Indiana FFA's 90th State Convention runs Monday through Thursday at Purdue University. The convention will include community service projects, competitions, workshops and the election of state officers.

    • Purdue Board Approves Tuition Freeze, Construction

      The Purdue University Board of Trustees has approved the previously-announced tuition freeze for the 2020 and 2021 fiscal years, as well as the university's 2020 operating budget. Purdue says the total cost of attending the university's West Lafayette campus will continue to be less than it was in 2012. The board also approved the fee schedule for both years with general fees being held steady, except for flight program fees. Two major construction projects also received approval...