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Indiana's unemployment rate reached its highest point in almost two years at three point four percent in August. The rate is a minor increase from the month prior, according to new federal estimates. It is a small but more significant bump compared to August 2022's unemployment rate.
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New employment estimates show little change in Indiana's labor market. The data has some limitationsIndiana's unemployment rate was just above 3.2 percent in June, new federal estimates show. The unemployment rate has hovered between 3 percent and 3.2 percent since late 2022 and has been accompanied by record-high total employment. There are a few important limitations in the state and local labor market data the federal Bureau of Labor Statistics releases every month.
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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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Recent polling suggests a lot more Americans approve of unions today than 10 years ago. But new federal estimates show that approval hasn't necessarily translated to large gains in membership – especially in Indiana.
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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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The federal government reported that the inflation rate for housing spiked to its highest rate since 1982 from September 2021-22. The U.S. Bureau of Labor Statistics says the inflation rate for the broad category of “shelter” is now 6.6%. Experts say that’s reflected in Michigan's major housing markets.