INDIANAPOLIS – Indiana’s unemployment rate stands at 3.6 percent for November and remains lower than the national rate of 3.7 percent. With the exception of one month when it was equal (October 2014), Indiana's unemployment rate now has been below the U.S. rate for more than five years. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) 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 increase of 2,216 over the previous month. This was a result of a 2,122 increase in unemployed residents and an increase of 94 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.40 million, and the state’s 65.1 percent labor force participation rate remains above the national rate of 62.9 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp
Miami County Unemployment Numbers:
In Miami County, the November unemployment rate stood at 6.5%. This is up from the 3.3% reported in September 2018. Miami County has the 2nd highest unemployment rate of the 92 Indiana Counties. Howard County has the highest rate at 8.3%. The lowest rate is in Bartholomew and Dubois counties which have a rate of 2.7%.
Miami County has the second highest rate of our surrounding counties. The highest rate is Howard County at 8.3%. Cass County’s rate stands at 4.7%, followed by Grant County at 4.3%, Wabash at 3.8% and Fulton County at 3.6%.
You can view a state map of the unemployment rates below:
Employment by Sector
Private sector employment has grown by more than 25,900 over the year and has increased by 2,800 over the previous month, primarily due to gains in the Manufacturing (3,100) and the Private Educational and Health Services (1,900) sectors. Gains were partially offset by losses in the Trade, Transportation, and Utilities (-2,000) and the Leisure and Hospitality (-1,000) sectors. Total private employment reached a preliminary record highpoint of 2,714,800, which is 25,900 above the official December 2017 peak. The new November 2018 peak, like all data within this report, is subject to monthly revisions and annual benchmarking. In addition, preliminary Construction jobs continue to be at the highest level since April 2008.
Midwest Unemployment Rates
Data are sourced from November Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics