Friday, March 22, 2019 10:11 am
Verbatim: February Indiana employment report
Private sector employment again reaches preliminary record
The Indiana Department of Workforce Development issued the following news release today:
INDIANAPOLIS (March 22, 2019) – Indiana’s unemployment rate stands at 3.5 percent for February and remains lower than the national rate of 3.8 percent. With the exception of one month when it was equal (October 2014), Indiana's unemployment rate now has been below the U.S. rate for more than five years. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
Indiana’s labor force had a net increase of 7,997 over the previous month. This was a result of an increase of 1,755 unemployed residents and an increase of 6,242 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.40 million, and the state’s 65.2 percent labor force participation rate remains above the national rate of 63.2 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.