April Indiana Employment Report

INDIANAPOLIS (May 18, 2018) – Indiana’s unemployment rate stands at 3.2 percent for April and remains lower than the national rate of 3.9 percent. With the exception of one month when it was equal (October 2014), Indiana’s unemployment rate now has been below the U.S. rate for more than four years. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.

Indiana’s labor force had a net increase of 11,655 over the previous month. This was a result of a 737 increase in unemployed residents and an increase of 10,918 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 64.0 percent labor force participation rate remains above the national rate of 62.8 percent.

In addition, Indiana’s initial unemployment insurance claims continue to be at historical lows.

Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.

April 2018 Employment Charts

Employment by Sector

Private sector employment has grown by more than 23,900 over the year, and has decreased by 7,000 over the previous month, primarily due to losses in the Trade, Transportation and Utilities (-2,500) and the Construction (-2,300) sectors. Losses were partially offset by gains in the Other (1,200), which includes Mining and Logging, IT and Other Services, and the Manufacturing (400) sectors. Total private employment stands at 2,698,400 and is 9,500 above the December 2017 peak.

Midwest Unemployment Rates

April 2018 Midwest Unemployment Rates

  

About Brian Scott

I play on the radio from 7 am -1 pm weekdays on 98.9 FM WYRZ and WYRZ.org. Follow me on twitter @WYRZBrianScott or e-mail me at brian@wyrz.org.

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