State Unemployment Stays Flat in April

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INDIANAPOLIS -

Indiana's unemployment rate stood at 3.2 percent for the third consecutive month. The Indiana Department of Workforce Development says the state lost 7,000 private sector jobs last month, however U.S. Bureau of Labor Statistics figures show Indiana's labor force increased by more than 11,600. The state's labor force participation rate sits at 64 percent, which remains higher than the national rate.

The national unemployment rate dropped to 3.9 percent last month. The DWD says Indiana's unemployment has been below the national rate for more than four years, with the exception of October 2014 when it was equal. 

The highest growth sectors for Indiana in April were mining and lodging, IT, and manufacturing. However, the state saw losses in trade, transportation and utilities, as well as construction.

Among the neighboring states, Indiana continues to be the only one with an unemployment rate lower than the national rate. Wisconsin remains the only state in the Midwest to have lower unemployment than Indiana at 2.8 percent.

  • Perspectives

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      This is sobering. A local business broker in Indianapolis reports nine out of 10 business owners who want to sell are turned away. Of the one in 10 that does make it past the first analysis to sell, over half of those company owners don’t get the sale price they hope for or believe the business is worth. Bottom line, hope is not a plan if you want to sell your business.

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