Indiana's Unemployment Rate Falls Again

Posted: Updated:
INDIANAPOLIS -

Indiana's unemployment rate dropped to 3.6 percent in April, down 0.3 percent from the previous month. The Indiana Department of Workforce Development says the state lost 9,300 private sector jobs last month, though private sector employment has grown by nearly 29,000 over the past year. U.S. Bureau of Labor Statistics figures show the Indiana labor force increased by more than 4,800 in April.

Indiana's labor force remains at more than 3.32 million. The state's labor force participation rate rose slightly to 64.6 percent, which remains higher than the national rate of 62.9 percent, according to the DWD.

DWD Commissioner Steven Braun says while the figures are positive, they also represent a workforce challenge in meeting current employer demand.

"Indiana’s unemployment rate reaching its lowest point since 2001 is a testament to the strength of the Hoosier economy; however, it's also indicative of an ever-tightening labor market for Hoosier businesses," said Braun. "I encourage unemployed and underemployed Hoosiers to be steadfast in their job searches and consider training and placement opportunities available at their local WorkOne Career Center."

The highest growth sectors for Indiana in April were leisure and hospitality and financial activities. The gains in those sectors were offset by losses in manufacturing and private educational and health services. The DWD says Indiana's total private employment stands at 700 below the November 2016 peak.

Indiana's unemployment rate remains below the national average of 4.4 percent and is the lowest among the surrounding states. Illinois and Michigan have the next lowest rate at 4.7 percent.

  • Perspectives

    • Help Kids Serve Today to Lead Tomorrow

      A movement is underway to continue improving the lives of youth and families in Indiana. This movement was made official by The Indiana Commission on Improving the Status of Children in Indiana at the end of last year when the group released a three-year strategic plan so every child in the state can grow up in a safe and nurturing environment, and have ample opportunities to become a healthy, productive adult.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Another Tech Company Adding Indy Jobs

      Indianapolis has landed another win in what has been a busy week for the city's burgeoning tech industry. Software company myCOI has announced plans to expand its Indianapolis headquarters and create up to 185 jobs by 2021. The company, whose platform tracks and manages certificates of insurance, won last year's Venture Club of Indiana Innovation Showcase. Its clients include Caterpillar Inc. (NYSE: CAT), Cushman and Wakefield and the Indianapolis Motor Speedway.

    • Simon Plans Billions in Investment

      Indianapolis-based Simon Property Group Inc. (NYSE: SPG) says it expects to pump about $1 billion both this year and next into its shopping, dining, entertainment and mixed-use properties. The Real Estate Investment Trust says it has already invested more than $5 billion into development projects throughout the United States over the past five years.

    • Restaurant to Bring New Life to Historic Building

      Colorado-based The Kitchen Restaurant Group has announced plans to transform a former South Broad Ripple grocery store in Indianapolis into a new, farm-to-table restaurant. Next Door, which will be the company's second restaurant in Indianapolis, is slated to open in November. The company was co-founded by the brother of business magnate Elon Musk.

    • Downtown Indy Space to Become Infosys U.S. 'Hub'

      State, city and company officials Tuesday laid out several reasons for why India-based technology giant Infosys selected Indianapolis as its first U.S. tech and innovation hub. They include Indiana's talent pool and academic pipeline. The company plans to invest more than $8.7 million into Indy, hiring up to 2,000 workers by 2022. Infosys says it will occupy around 35,000 square-feet of space in OneAmerica Tower downtown.

    • Indy Tech Startup Scores Funding

      Indianapolis-based Tenant Tracker has closed on a $600,000 seed rounding of funding. Keith Kleinmaier, co-founder and chief executive officer of the tech startup, says the funding will be used to dial up the company's sales efforts and take its product to the market.