WYRZ.org 98.9 WYRZ – The Voice of Hendricks County
INDIANAPOLIS (Dec. 18, 2020) – Indiana’s unemployment rate stands at 5.0 percent for November, and the national rate is 6.7 percent. 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 decrease of 40,274 over the previous month. This was a result of a decrease of 17,345 unemployed residents and a decrease of 22,929 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 62.9 percent labor force participation rate remains above the national rate of 61.5 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Employment by Sector
Private sector employment has decreased by 87,600 over the year and decreased by 200 over the previous month. The monthly decrease is primarily due to losses in the Professional and Business Services (-3,800) and the Leisure and Hospitality (-3,000) sectors. Losses were offset by gains in the Construction (3,700) and the Other (2,300), which includes Mining and Logging, IT and Other Services, sectors. Total private employment stands at 2,643,400, which is 105,900 below the January 2019 peak.
Midwest Unemployment Rates
