Indiana’s unemployment rate fell to 4.3 percent in December, dropping almost a full percentage point from the month before according to numbers released by
Eagle Country 99.3 By Travis Thayer
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(Undated) – The COVID-19 pandemic has caused historic unemployment numbers.
Nearly a year since the pandemic started, jobless rates are starting to bounce back across the country, leading to a study from personal finance website, WalletHub.
Nationally, the unemployment rate has fallen to 6.7 percent, down from 14.7 percent in April.
The nation’s jobless rate has continued to improve as more businesses have opened and restrictions have been loosened.
The Indiana Department of Workforce Development recently announced the state’s unemployment rate dropped to 4.3 percent in December, down from 5.1 percent a month prior. The Hoosier state came in at 10th overall on WalletHub’s States Whose Unemployment Rates Are Bouncing Back Most list.
Eagle Country 99.3 By Travis Thayer
Shutterstock photo.
(Indianapolis, Ind.) – Indiana’s unemployment rate continues to fall.
According to the Indiana Department of Workforce Development, the state’s jobless rate dropped to 4.3 percent in December, down from 5.1 percent in November.
Indiana’s unemployment rate is well below the national rate of 6.7 percent.
The state’s total labor force currently stands at 3.39 million, and Indiana’s 64 percent labor force participation rate remains above the national rate of 61.5 percent.
Among neighboring states, Indiana had the best unemployment rate in December. In the tri-state, Ohio’s jobless rate was 5.5 percent last month, while Kentucky’s stood at 6.0 percent.
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The Indiana Department of Workforce Development planned to reopen a federal program on Jan. 22 that extends unemployment benefits. Pandemic Emergency Unemployment Compensation (PEUC) is for workers who have used up the state’s 26 weeks of unemployment insurance. The program expired at the end of last year, but was revived by Congress.
With changes from the latest COVID-19 relief bill, those receiving benefits will get additional weeks of eligibility and an extra $300 each week until mid-March.
Other workers, benefiting from regular unemployment insurance, are already getting additional benefits.
The Trump administration’s failure to produce a national stockpile of the COVID-19 vaccine is preventing Indiana from moving its vaccine distribution plan further forward.