© 2022 WBAA
712 Third St. | West Lafayette, IN 47907
(765) 494-5920
Play Live Radio
Next Up:
Available On Air Stations
The HD2 channel on 101.3 FM is temporarily off air due to equipment failure.

Indiana unemployment rate hits historic low amid increasingly tight labor market

smaller_job_seekers (1).jpeg
Justin Hicks
IPB News
A sign at a job fair welcomes job seekers. According to December unemployment numbers, there are less people without jobs actively looking for one.

Listen to the broadcast version of this story.

Indiana’s unemployment rate may have reached a historic low, reaching just 2.7 percent in December. More workers found employment, but the overall labor force is continuing a months-long downward slide.

It’s still preliminary data, but it shows Indiana with the fewest number of workers having trouble finding jobs since the federal government began tracking state levels in the 1970s. But lately there’s simply fewer people reporting availability to work each month. 

Andrew Butters, economics professor at Indiana University, said those two things together indicate an even tighter labor market. He said research seems to show older workers may be retiring sooner and others are on the sidelines grappling with issues like child care

“People are either finding better or new jobs – that’s mostly reflective of the elevated quit rate – but we also just have less Hoosiers in the labor market right now,” he said.

The Bureau of Labor Statistics estimates there’s still around 240,000 job openings in the state.

Contact reporter Justin at jhicks@wvpe.org or follow him on Twitter at @Hicks_JustinM.

Copyright 2022 IPB News. To see more, visit .