INDIANA— According to the Indiana Department of Workforce Development, the state’s unemployment rate in May was 3.7%. By comparison, the national unemployment rate for May stands at 4.0%.
In addition, Indiana’s labor force participation rate stands at 62.4% for May, remaining slightly below 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, primarily, 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 is 3,377,185 – a decrease of 1,679 from the previous month.
Private sector employment in Indiana increased by 3,400 jobs over the last month. In May 2024, Indiana saw a gain of 36,100 jobs over the previous year, 2023. Indiana’s May private employment stands at 2,850,400.
Industries that experienced job increases in May included:
- Trade, Transportation & Utilities (+1,200);
- Professional and Business Services (+1,600);
- Construction (+700);
- Financial Activities (+400); and
- Leisure and Hospitality (+300).
As of June 17, 2024, there were 98,693 open job postings throughout the state. As of the week ending on May 25, 2024, Indiana had 19,458 continued unemployment insurance claims filed.
Individuals seeking work, training, or career information are encouraged to visit in.gov/dwd/job-seekers.
Data are sourced from February Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics, Current Population Survey – US Census Bureau.
