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Indiana unemployment rate drops to 4.4 percent for October, lowest since
Posted On Nov 21 2015
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The unemployment rate is 4.4 percent in OH, down from 5.2 percent a year ago; 4.4 percent in IN, down from 5.8 percent 12 months earlier; and 3.8 percent in Colorado, down from 4.4 percent a year ago.
The unemployment rate dropped from 4.5 percent in September, and the state has added 90,000 jobs since January 2013.
“The state’s unemployment rate continues to improve, falling to 4.1 percent in October”, said Kansas Secretary of Labor, Lana Gordon.
Over the last 12 months, the county gained 85,000 jobs for a robust growth rate of 2 percent.
About 306,000 people were unemployed in October in Los Angeles County, which has a workforce of about 5 million. Yet employers have added an average of 206,000 jobs a month this year. The largest gains were in health care/social assistance (up 23,000 jobs), leisure/hospitality (18,700) and food services (18,000).
Statewide, closed sales for single-family homes in September rose 13.4 percent over-the-year. The Fed has twin goals of full employment and steady prices, and last month’s jobs report may have given a few Fed officials more confidence that their mandate can be reached.
Counties with the lowest unemployment rates are: Shelby County at 4.0%, Lee County at 4.5%, and Elmore and Cullman Counties at 4.8%.
The number for September initially showed a slight gain of only 8,200 jobs, which sparked concern that the economic expansion of the state could be starting to slow down. According to a news release by The Ohio Department of Job and Family Services, jobs in educational and health services, went up by 8,300. However, people entered the labor market even faster than employers created jobs, sending the unemployment rate higher.
Trade, transportation and utilities companies had the biggest losses at 3,100 jobs. The October 2014 figure was 3 percent. Relatively upward U.S. manufacturing employment numbers in recent years have tampered down in recent reports, remaining relatively unchanged from September to October and year to date.
