(image courtesy of the Department of Workforce Development)
Indiana's unemployment rate remained at 3.6 percent for the third consecutive month in May. The Indiana Department of Workforce Development says the state also lost 1,200 private sector jobs last month.
In addition to the loss in jobs, figures from the U.S. Bureau of Labor Statistics show Indiana's labor force saw a net decrease of more than nearly 11,000 over the previous month. The state's total labor force, which includes residents who are either employed or seeking employment, stands at 3.4 million.
Indiana's labor force participation rate also dropped slightly to 65 percent, which remains above the national rate of 62.8 percent.
The DWD says the decrease in jobs last month was primarily due to losses in the leisure and hospitality and financial activities sectors. Those losses were partially offset by gains in the manufacturing and private educational and healthcare services sectors.
Indiana's unemployment rate remains the same as the national rate. Of the surrounding states, Indiana continues to be the only one to have an unemployment rate below 4 percent. Only Wisconsin and Minnesota have lower unemployment rates in the Midwest at 2.8 and 3.3 percent, respectively.
You can connect to more about Indiana's unemployment rate from the Department of Workforce Development by clicking here.
By Brian Harris Executive Creative Director, Bradley and Montgomery
It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.
The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s.
Pittsburgh-based U.S. Steel has announced it will idle its tin mill operations in East Chicago, affecting nearly 300 workers, half of which will lose their jobs. Our partners at The Times of Northwest Indiana report U.S. Steel blames the layoffs on the Del Monte food company which announced its own mass layoffs.
The U.S. Department of Defense has awarded Raytheon Co. in Indianapolis multiple contracts, totaling approximately $96 million. The DoD is spending nearly $30 million on avionics systems testing and integration for the Navy and Air Force.
Last month, it became legal for Hoosier farmers to grow hemp and a Gas City-based startup is being aggressive in being among the first to take advantage of market opportunities. Heartland Harvest Processing is helping farmers connect the new agricultural commodity to consumer products, including CBD. Founder and Chief Marketing Officer Chris Moorman says the first hemp harvest under the new law is expected to begin next month. In an interview with Business of Health...
The Wabash International Artist Residency will feature two Hoosier artists in an exhibition from August through October at the Honeywell Center in Wabash. An opening reception showcasing still life ink drawings by Mary Ann Lawson and surrealistic oil paintings by Tom Colcord will take place August 11.