Indiana’s private sector added nearly 10 thousand jobs last month. Yet the unemployment rate failed to drop for the fourth consecutive month.
The Hoosier private sector has added jobs for ten consecutive months, surging again in July with 99 hundred jobs created – led by the manufacturing sector, which added more than five thousand jobs.
But the unemployment rate remained unchanged at 5.9 percent.
That’s because the state’s labor force continues to swell, with about 2,500 people rejoining the job hunt last month.
Over the past year, Indiana’s labor force has grown by more than 54,000 thousand people, a rate eight times larger than the national average.