The unemployment rate rose in June from 4.7 percent to 4.9 percent. But the uptick occurred mainly for an encouraging reason: More Americans began seeking jobs.
Indiana’s unemployment rate jumped to 5.2 percent in April as another surge of jobless Hoosiers declared themselves ready to find work.
The state’s unemployment rate rose to 4.7 percent in February, up from 4.6 percent the previous two months, the Indiana Department of Workforce Development announced Friday morning.
Indiana’s monthly unemployment rate was revised slightly upward in December, to 4.6 percent, and remained at that rate in January, the state announced Monday morning.
While Americans of all stripes consistently put the economy at or near the top of their lists of most important issues, they may have very different concerns in mind when they do so.
Employers raised pay, more people felt confident enough to look for work, and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.
Private-sector employment rose during the month by 3,400 jobs, led by gains of 2,800 jobs in the Construction sector and 2,500 jobs in the Trade, Transportation & Utilities sector.
Stores are also grappling with shoppers’ shift away from clothing and other traditional merchandise and more toward experiences like spas and concert tickets.
High-profile Democrat Jim Schellinger’s new job could help both parties achieve a key goal: increasing wages for all Hoosiers.
The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed. Average hourly pay was flat.
The trend indicates that employers are confident enough in future consumer demand to retain their staffs. The number of people receiving benefits fell 50,000 to 2.22 million.