Report: Unemployment Sinks to 2 1/2 Year Low

December 20, 2011 by · Comments Off on Report: Unemployment Sinks to 2 1/2 Year Low 

The U.S. unemployment rate fell to a 2 1/2 year low of 8.6% in November with 43 states and the District of Columbia recording decreases from October.

Indiana’s unemployment rate held steady at 9% in November. Department of Workforce Development Commissioner Mark Everson says the state reported a net gain of 1,700 private sector jobs in November, but that was offset by more people returning to the labor force.

Elkhart County’s unemployment rate also remained unchanged for the month at 11.3%, matching October’s tally. The rate hit 12.6% a year ago in November.

Sectors in Indiana showing significant employment gains in November include: construction (2,600), leisure and hospitality (1,700) and trade, transportation and utilities (1,200). The manufacturing (-3,200), government (-1,700) and financial activities (-1,000) sectors showed significant decline.

Total non-farm employment remained flat in November because the increase in private sector employment was offset by a decrease in government employment.



[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]