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Indiana’s unemployment rate increased slightly to 3 percent in October, according to new Bureau of Labor Statistics estimates. It’s the first month to hit the 3 percent threshold since September 2021. However, the rate is still low compared to the nation and Indiana's historic rates.
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Indiana’s unemployment rate has remained below 3 percent for 12 straight months despite rising inflation, interest rates and layoffs.
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Federal efforts to bring down inflation may be starting to cool Indiana’s labor market, bringing more layoffs and fewer job openings. But the market still remains tight overall.
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Indiana’s unemployment rate increased slightly in August to 2.8 percent. The state’s unemployment rate is still near record lows for the last decade. It’s also below the national rate of 3.7 percent.
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Indiana recorded a 2.2 percent unemployment rate in March. It’s the third lowest rate in the country and yet another record low for the state.
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Indiana’s unemployment rate hit record lows for the third straight month in February at 2.3 percent as the state also recorded the highest number of people working in a private-sector job.
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Indiana continues to break state records for low unemployment as it fell to just 2.4 percent in January. But there’s a flip side to that statistic: the rate of Hoosiers 16 and older participating in the workforce stayed flat.
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Low unemployment rates are generally a good thing. It means almost anyone looking for work can find a job. But with 38 counties at 1 percent or less...
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Indiana’s unemployment rate may have reached a historic low, reaching just 2.7 percent in December. More workers found employment, but the overall labor...
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Indiana’s unemployment rate for October fell to just 3 percent in November, the lowest it’s been in more than two decades. Another record level was set…