INDIANAPOLIS (April 20, 2018) – Indiana’s unemployment rate stands at 3.2 percent for March and remains lower than the national rate of 4.1 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 7,513 over the previous month. This was a result of 2,077 unemployed residents no longer seeking employment within the past four weeks, and a 9,590 increase in residents employed. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.32 million, and the state’s 63.8 percent labor force participation rate remains above the national rate of 62.9 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.
Employment by Sector
Private sector employment has grown by more than 27,300 over the year, and has increased by 4,300 over the previous month, primarily due to gains in the Trade, Transportation and Utilities (2,600) and the Construction (1,100) sectors. Gains were partially offset by losses in the Leisure and Hospitality (-300) and the Financial Activities (-200) sectors. Total private employment stands at 2,702,900 and is 14,00 above the December 2017 peak.
Midwest Unemployment Rates