State unemployment rate hits record low of 2.2%

Keywords Unemployment
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2 thoughts on “State unemployment rate hits record low of 2.2%

  1. “In effect, a labor force participation rate of 62.4% means that more than a third of Hoosiers of working age (16 and over) are not employed and are not seeking work.” I’m not sure why they consider retired people drawing social security as being of working age. As the elderly have trended toward living longer, it seems likely the LFP rate would decrease even if participation among those 18-65 stays steady. Maybe a labor force participation rate of people 18-65 or 18-70 would be a better metric. At any rate, it seems a little inaccurate to say that more than a third of Hoosiers of working age are totally out of the workforce, unless you consider octogenarians and nonagenarians to be of working age. It seems to play into a narrative believed by many that there is a crisis of increasing number of truly working age adults just sitting at home in their parents’ basement or whatever.

    1. Do you really think that any clarification, evidence, or further statement of fact will change the minds of the people who want to believe that narrative?.

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