Indiana unemployment figures hold steady from October

0
381

Indiana’s unemployment rate is unchanged from October to November.

According to the Indiana Department of Workforce Development, the state’s jobless rate stands at 5.0 percent for November. That is below the national rate of 6.7 percent. The state’s jobless rate is up 1.8 percent from this time last year, which is mainly due to the COVID-19 pandemic.

The monthly unemployment rate is a U.S. Bureau of Labor Statistics 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 decrease of 40,274 over the previous month. This was a result of a decrease of 17,345 unemployed residents and a decrease of 22,929 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 62.9 percent labor force participation rate remains above the national rate of 61.5 percent.

Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.

LEAVE A REPLY

Please enter your comment!
Please enter your name here