Unemployment Steady in January
INDIANAPOLIS - Indiana's seasonally-adjusted unemployment rate remained at 4.6 percent in January. The Indiana Department of Workforce Development says December's unemployment rate was revised to 4.6 percent due to the yearly federal benchmarking process.
Commissioner Steve Braun says "private sector employment in the Hoosier State has grown by nearly 141,000 over the past three years." In January, losses in the professional and business services, trade, transportation and utilities and private education and health services offset gains in the leisure and hospitality, financial activities and construction.
Indiana's labor force continued its upward trend, adding more than 20,000 people in January. Since January 2013, the state has added 116,700 people to the labor force.
Braun adds Indiana continues to have a lower unemployment rate than all neighboring states. Ohio and Michigan were the next-closest in terms of unemployment rate at 4.9 percent, followed by Kentucky at 5.8 percent and Illinois at 6.3 percent.
Claims for unemployment insurance remain at their lowest levels since 1998. The DWD says the number of unemployed Hoosiers has fallen by 43 percent in the last three years.