INDIANA – According to the Indiana Department of Workforce Development, the state’s unemployment rate in January was 3.5%. By comparison, the national unemployment rate was 3.7%.
In addition, Indiana’s labor force participation rate stands at 63.0% for January, remaining above the national rate of 62.5%. This rate is the percentage of Hoosiers 16 and older who are either working or actively looking for work. Those not in the labor force include students, retirees, and other non-working populations, such as individuals unable to work due to a disability or illness or adults responsible for their family’s childcare needs.
Indiana’s total labor force stands at 3,398,047 – a decrease of 10,628 from the previous month.
“Indiana has carried the momentum from a strong economy in 2023 into 2024,” said DWD Commissioner Richard Paulk. “The unemployment rate of 3.5% remains near historic lows and below the national average. Additionally, Indiana has again set a new peak for private sector employment.”
Private sector employment in Indiana increased by 10,500 jobs over the last month, resulting in a gain of 42,000 jobs from this time last year. Indiana’s January private employment stands at 2,845,300.
Industries that experienced job increases in January included:
- Construction (+2,700);
- Trade, Transportation and Utilities (+2,700); and
- Private Educational and Health Services (+1,900).
As of March 4, 2024, there were 98,653 open job postings throughout the state. As of the week ending on Feb. 24, 2024, Indiana had 26,379 continued unemployment insurance claims filed.
Individuals looking for work, training or career information are encouraged to visit in.gov/dwd/job-seekers.
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