State's unemployment rate stays at 4.5 percent

October 21, 2016

The state’s seasonally-adjusted unemployment rate remained at 4.5 percent in September as private-sector employment grew by more than 10,000 jobs,  the Indiana Department of Workforce Development said Friday.

Indiana’s labor force —which is composed of both employed and unemployed-but-willing-to-work residents—has grown by almost 200,000 workers since January 2013.

That growth has helped push the state’s total labor force to 3,376,100 and total number of employed to 3,224,697, the state said. The unemployment rate reflects the number of unemployed people as a percentage of the labor force.

Private-sector employment in Indiana has grown by 41,400 this year.

Monthly gains were seen in the categories of Private Education & Health Services (4,300), Leisure & Hospitality (1,800), Professional & Business Services (1,700), Construction (1,900), Manufacturing (1,600) and Financial Services (700). The Trade, Transportation & Utilities sector saw a loss of 1,300 jobs.

Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—was at 65.4 percent in September, remaining well above the national rate of 62.9 percent.

Among Indiana’s neighboring states, Michigan was slightly behind Indiana in September with a jobless rate of 4.6 percent, followed by Ohio (4.8 percent), Kentucky (5 percent) and Illinois (5.5 percent).

The national unemployment rate was 5 percent in September.



Recent Articles by IBJ Staff

Comments powered by Disqus