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Indiana s workforce shrank by more than 40,000 in November

Indiana s workforce shrank by more than 40,000 in November Binghui Huang, Indianapolis Star Unemployed single mom: It s hard knowing the next day if you re going to have food Replay Video UP NEXT Indiana s workforce shrank by more than 40,000 from October to November, a sign the local economy continues to struggle amid the coronavirus pandemic, according to a recent report from the Indiana s Department of Workforce Development. That s a huge drop compared to the previous month, when approximately 7,000 people dropped out of the workforce. However, the state s rate of residents working and looking for work, at 62.9%, is still higher that the national rate of 61.5%.

Local jobless rate sees dip | Business | The Journal Gazette

Local jobless rate sees dip Hits 4.8%, but region s labor force falls by 2,890 people SHERRY SLATER | The Journal Gazette The Fort Wayne MSA s jobless rate declined in November to 4.8%, slightly less than the 5.1% recorded in October, according to data released Monday by the Indiana Department of Workforce Development. The unemployment rate was 3.1% in November 2019. Experts say year-to-year comparisons are the most accurate because they eliminate seasonal variations. The novel coronavirus pandemic and its effects on the labor market have upended that conventional wisdom, however. The local metropolitan statistical area includes Allen, Wells and Whitley counties. Indiana s seasonally adjusted unemployment rate was 5.0% in November, well below the national seasonally adjusted jobless rate of 6.7%. Experts say county and MSA data are too small to make seasonal adjustments.

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