background_fid.png
Inform, Entertain, Inspire
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Indiana unemployment rate falling fast, but job openings are still rising

JMH_0248_1.jpeg
Justin Hicks / IPB News
/

Indiana’s unemployment rate for October fell to just 3 percent in November, the lowest it’s been in more than two decades. Another record level was set which complicates that rosy picture: job openings are at an all-time high.

Here's the good news: The Bureau of Labor Statistics estimates there was an overall increase in employment with most of the job gains in manufacturing or leisure and hospitality. The Indiana Department of Workforce Development is touting the rate as a sign of strengthening economic recovery. 

Now not-so-good news: The same data shows the overall number of Hoosiers working or looking for work is continuing a downward slide. In November, the labor force dipped to lows not seen since last summer.

Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 73224. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.

Meanwhile another survey released Friday from the BLS indicates there are more than 240,000 job openings in the state. 

It all adds up to a labor market that may be continuing to tighten and will leave employers desperate for workers.

Contact reporter Justin at jhicks@wvpe.org or follow him on Twitter at @Hicks_JustinM.

Justin Hicks has joined the reporting team for Indiana Public Broadcasting News (IPB News) through funding made available by (IPBS) Indiana Public Broadcasting Stations. Justin will be based out of WVPE in his new role as a Workforce Development Reporter for IPB News. Justin comes to Indiana by way of New York. He has a Master's Degree from the Arthur L. Carter Journalism Institute at New York University. He previously earned a Bachelor of Music Degree from Appalachian State University where he played trumpet. He first learned about Elkhart, Indiana, because of the stamp on his brass instrument indicating where it was produced.