Indiana's December jobless rate declines to 3.4 percent

Indiana's December jobless rate declines to 3.4 percent

The jobless rate increased in 87 of Ohio's 88 counties last month, according to figures released Tuesday by the state Department of Job and Family Services.

Indiana's labor force had a net decrease of about 14,200 over the previous month, which was a result of about 10,700 unemployed residents no longer seeking employment and a roughly 3,500 decrease in residents employed.

The unemployment rate represented a slight dip from November, when the rate was 4.2 percent in Oklahoma.

The December unemployment rate still represents a broad trend of falling unemployment in the region, tied with 2014 for the lowest December unemployment this decade.

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Arkansas' nonfarm payroll employment decreased 7,300 in December to total 1,256,700.

Government lost 1,100 jobs, mostly in local government (1,000). A majority of the loss was posted in administrative and support services (-2,000), an expected seasonal decline for the subsector. The trade, transportation and utility sector dropped by about 3,400 jobs last month.

Contractions in the labor force can be seen as signs of pessimism in the economy. Over the year since December 2016, the Labor Force fell by 11,800. Seven major industries reported growth, with four adding 3,100 or more jobs, each. Manufacturing increased 5,200, largely in nondurable goods manufacturing (+5,000). Other services slipped by 100 jobs.

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