State unemployment rate climbs to 8.2 percent
Indiana’s unemployment rate climbed to 8.2 percent in July, marking the second straight month the rate has increased.
Indiana’s unemployment rate climbed to 8.2 percent in July, marking the second straight month the rate has increased.
U.S. employers added 163,000 jobs in July, the Labor Department said Friday, a somewhat hopeful sign after three months of sluggish hiring. However, the unemployment rate rose to 8.3 percent, up from 8.2 percent in June.
The increase marks the first time Indiana’s unemployment rate has risen in nearly a year, the Department of Workforce Development said Friday. The rate remains below the national rate of 8.2 percent.
The number of people seeking U.S. unemployment benefits plunged last week. But a big reason was that some automakers skipped their traditional summer shutdowns to keep up with demand, leading to fewer temporary layoffs of autoworkers.
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate rose to 8.2 percent, up from 8.1 percent in April, the first increase in 11 months.
Indiana’s unemployment rate dropped to 7.9 percent in April, falling below 8 percent for the first time since November 2008. The rate has dropped for five straight months.
The number of people seeking unemployment benefits was unchanged last week, suggesting some gains in the job market.
Employers added fewer workers than predicted in April, but the jobless rate unexpectedly fell as workers left the labor force. The participation rate, which indicates the share of working-age people in the labor force, fell to it lowest mark since 1981.
The number of people seeking unemployment benefits fell last week by the most in nearly a year. But the four-week average, a less volatile measure, ticked up.
Rushville-based Barada Associates Inc. specializes in helping business clients make good hiring decisions—services that have become more popular as companies find themselves inundated with eager applicants looking for work.
Indiana’s jobless rate is the lowest it’s been since December 2008 and matches the national jobless rate for March, also at 8.2 percent.
Applications have started to tick up in recent weeks after months of steady declines. And employers added only 120,000 jobs in March — half the pace of the previous three months.
Nearly two-thirds of Hoosier business owners in a new survey said they are optimistic or moderately optimistic about the Indiana economy over the next six months. But high gas prices may dampen the enthusiasm.
The job market slowed in March as companies hit the brakes on hiring amid uncertainty about the economy's growth prospects. The unemployment rate fell slightly, but mostly because more Americans stopped looking for work.
Bureau of Labor Statistics revises numbers, but region is still 30,000 jobs short of pre-recession peak.
Indiana’s unemployment rate took a sizable dip in February, falling to 8.4 percent, as new jobless claims hit a seven-year low.
The Labor Department said Thursday that weekly unemployment benefit applications fell by 5,000, to a seasonally adjusted 359,000. That's the smallest number of applicants since April 2008. The four-week average, a less volatile measure, declined to 365,000.
About 10,000 Indiana residents who have been unemployed for more than 79 weeks will no longer be eligible to receive 20 more weeks of extended federal benefits after April 15 because the state's three-month average unemployment rate is no longer 110 percent higher than it was three years ago.
Indiana’s unemployment rate fell to 8.7 percent in January as the state added 13,000 private-sector jobs, the largest monthly increase in more than a year.
U.S. employers added 227,000 jobs in February to complete three of the best months of hiring since the recession ended.