December 2015 Indiana Employment Report

Unemployment Remains Lower Than Neighboring States

INDIANAPOLIS (January 26, 2016) – Indiana’s seasonally adjusted unemployment rate remained at 4.4 percent in December, marking a 1.5 percent decrease over the past year. The Hoosier labor force also maintained a positive trend, gaining more than 10,000 individuals in December, which brings the total labor force growth for the year to 37,762, and 109,037 added since January 2013. December also marks the twentieth month in a row that Indiana’s labor force participation rate has exceeded the national rate (63.9 percent vs. 62.6 percent).

December private sector employment gains in Trade, Transportation & Utilities (+5,200) and Construction (+1,800), were offset by losses in Manufacturing (-3,400), Private Educational and Health Services (-1,200), Financial Activities (-800), Professional and Business Services (-400), and Leisure and Hospitality (-400). Indiana has added 140,500 private sector jobs (+5.6%) since January 2013, however.

“Indiana’s unemployment rate continues to be at its lowest level in more than a decade,” said Steven J. Braun, Commissioner of the Indiana Department of Workforce Development. “Additionally, claims for unemployment insurance are at their lowest point since 1998.”

Braun also noted that private sector increases have averaged nearly 4,000 per month over the past 36 months.

Employment by Sector

Sectors showing gains in December include: Trade, Transportation & Utilities (+5,200), and Construction (+1,800). The Manufacturing (-3,400), Private Educational & Health Services (-1,200), Financial Activities (-800), Professional and Business Services (-400), and Leisure and Hospitality (-400) sectors declined in December. Total nonfarm employment increased in December (+2,100).

Midwest Unemployment Rates

EDITOR’S NOTES:

Data are sourced from December Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics

Total private sector jobs were revised upward (+1,700) for November by the U.S. Bureau of Labor Statistics.

December employment data for Indiana Counties, Cities, and MSA’s will be available Wednesday, January 27, 2016 at 12 p.m. pending U.S. Bureau of Labor Statistics validation.