The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
The U.S. Labor Department said unemployment rates were relatively stable in most states in July.
Indiana's unemployment rate made a a big drop in May, falling to 3.2 percent, the state’s Department of Workforce Development said Friday.
U.S. employers added a healthy 227,000 jobs last month and more Americans began looking for work—developments that President Donald Trump interpreted as confidence in his administration.
Private-sector employment in the state grew by 13,300 jobs during the month, the state said, and is up by 36,500 this year.
The state’s seasonally-adjusted unemployment rate dipped one-tenth of a percentage point in October as private-sector employment grew by 3,400 jobs, the Indiana Department of Workforce Development said Friday.
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.