No Change In Indiana’s Unemployment From January To February
By: Mike Stiles - Friday, March 22, 2024

(photo courtesy of Indiana DWD)

(INDIANAPOLIS) – Indiana’s unemployment rate did not change from January to February.

The Indiana Department Of Workforce Development says the Hoosier State’s unemployment rate remained at 3.5%. That’s below the National unemployment rate for February, which is 3.9%.

Indiana’s labor force participation rate for February is at 62.8%, which is above the National rate of 62.5%. The labor force participation rate is the percentage of Indiana residents 16 years of age and older that are either working or actively looking for work.

Indiana’s total labor force for February is 3,389,372, which is a decrease of 8,675 from January. Private sector employment increased by 2,800 jobs over the last month, resulting in a gain of 32,200 jobs from one year ago. Indiana’s private sector employment is now at 2,845,200.

Industries that experienced job increases in February include: Private Educational and Health Services (+1,300), Manufacturing (+1,300). Leisure and Hospitality (+400); Professional and Business Services (+300) and Construction (+100).

DWD Commissioner Richard Paulk says Indiana’s overall economic footing and outlook remains solid with near historically low unemployment.


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