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Announcements of layoffs at major Indiana-based employers like Cook Medical and Formstack drew attention this week. However, other companies' layoffs earlier in the year haven’t affected the state’s employment numbers much – yet.
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A survey finds links between low wages and low recruitment and retention rates, and indicates harassment of public employees is a growing concern.
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It appears for now employers are still posting more jobs than the state’s available job seekers can fill. Experts say one cause of that could be a lack of access to affordable child care in Indiana. A state Senate committee is considering funding a pilot program that would split costs between families, employers and the state to bring more parents back into the workforce.
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In a press conference Tuesday, Indiana Chamber of Commerce leaders joined a chorus of voices asking lawmakers to address the state’s “leaking talent pipeline” in the 2023 session.
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Indiana’s unemployment rate increased slightly to 3 percent in October, according to new Bureau of Labor Statistics estimates. It’s the first month to hit the 3 percent threshold since September 2021. However, the rate is still low compared to the nation and Indiana's historic rates.
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Due to avian flu, around 7 million turkeys have been killed nationwide. Indiana accounts for roughly 500,000 of that number.
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Some companies are still expanding operations and hiring in Indiana despite the current tight labor market and warning signs of an economic downturn. E-commerce packing and shipping company Radial is one example.
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Indiana’s unemployment rate has remained below 3 percent for 12 straight months despite rising inflation, interest rates and layoffs.
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Federal efforts to bring down inflation may be starting to cool Indiana’s labor market, bringing more layoffs and fewer job openings. But the market still remains tight overall.
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U.S. Secretary of Labor Marty Walsh touted federal infrastructure and job training investments during a visit to Indianapolis and Northern Indiana Wednesday.