Indiana’s unemployment rate dropped to 3.3 percent in August 2019 and remained lower than the national rate of 3.7 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 almost six years.
The monthly unemployment rate is a U.S. Bureau of Labor Statistics 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 decrease of 2,135 over the previous month. This was a result of a decrease of 4,260 in unemployed residents and an increase of 2,125employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.38 million, and the state’s 64.6 percent labor force participation rate remains above the national rate of 63.2 percent.
Additionally, this month had the lowest unemployment insurance claims in the reference week (12th of the month) in 2019.
We’ll have local county by county unemployment numbers next week.