INDIANAPOLIS, Ind. (ADAMS) – Indiana’s unemployment rate stands at 3.2 percent for November and remains lower than the national rate of 3.5 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. Anyone can face an emergency situation when they need cash fast and without questions. And in such cases most people decide to apply for bad credit unsecured Payday Loans in Indiana. Short-term cash advance is legal though in some way restricted in Indiana. The interest rate is capped to 15% by the Code §§ 24-4-4.5-7-101 et seq. It's aimed at protecting the consumers from predatory lenders.
Indiana’s labor force had a net increase of 346 over the previous month. This was a result of an increase of 308 unemployed residents and an increase of 38 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.38 million, and the state’s 64.4 percent labor force participation rate remains above the national rate of 63.2 percent.
Learn more about how unemployment rates are calculated here.
Employment by Sector
Private sector employment has grown by 8,100 over the year and has increased by 800 over the previous month. The monthly increase is primarily due to gains in the Manufacturing (2,400) and the Private Educational and Health Services (1,800) sectors. Gains were partially offset by losses in the Professional and Business Services (-2,300) and the Leisure and Hospitality (-700) sectors. Total private employment stands at 2,731,800, which is 300 below the December 2018 peak.
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