 April Indiana
Employment Report
Unemployment rate remains unchanged over the month at 3.2 percent
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.
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
EDITOR’S
NOTES:
Data are sourced from April Current Employment Statistics,
Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics
April employment data for Indiana Counties, Cities and MSAs
will be available Monday, May 21, 2018, at noon (EDT) pending U.S. Bureau of
Labor Statistics validation.
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