Indiana’s Unemployment Rate Dropping

The State Department of Workforce Development released the latest job numbers Friday.

Indiana’s unemployment rate stands at 3.7 percent for November and remains lower than the national rate of 4.1 percent.

Indiana’s labor force had a net decrease of 15,398 over the previous month, which was a result of 5,516 unemployed residents no longer seeking employment, and a 9,882 decrease in residents employed within the past four weeks.

Indiana’s total labor force stands at 3.32 million, and the state’s 63.9 percent labor force participation rate remains above the national rate of 62.7 percent.

With the exception of one month when it was equal, October 2014, Indiana’s unemployment rate has now been below the U.S. rate for more than four years.

In addition, state officials say Indiana’s initial and ongoing unemployment insurance claims are at historic lows.