Indiana unemployment rate sinks to near-record low

Keywords Unemployment
rop-allison2col.jpg

Indiana's unemployment rate made a a big drop in May, falling to 3.2 percent, the state’s Department of Workforce Development said Friday.

The rate, which was at 3.6 percent in April, isn't far from the state's all-time low of 2.9 percent, set in October 2000. The national rate was 4.3 percent in May.

Indiana’s labor force—which is composed of both employed and unemployed-but-willing-to-work residents—decreased by 2,062 workers from April to May, to more than 3.33 million, with an 8,946 increase in employment and an 11,008 decrease in unemployment, the state said.

Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—fell one-tenth of a point, to 64.5 percent, in May. It remains well ahead of the national rate of 62.7 percent.

The state saw a gain of 2,500 private-sector jobs during the month. Private-sector employment has grown by more than 36,100 over the past year.

Job gains were seen in the sectors of Private Educational & Health Services (3,100) and Construction (2,100). Losses were seen in the Transportation, Trade and Utilities (-4,100) and the Manufacturing (-2,500) sectors.

Indiana’s unemployment rate in April was lower than the rate in neighboring states Michigan (4.2 percent), Illinois (4.6 percent), Ohio (4.9 percent) and Kentucky (5 percent).

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.