June 25, 2024

Preliminary data: Indiana unemployment hits highest rate in nearly three years

Listen at IPB News

Article origination IPB News
Indiana’s unemployment rate had been steady at 3.5 percent for more than six months before increasing to 3.6 percent in April. - File Photo: Justin Hicks / IPB News

Indiana’s unemployment rate had been steady at 3.5 percent for more than six months before increasing to 3.6 percent in April.

File Photo: Justin Hicks / IPB News

Indiana’s unemployment rate saw a slight increase last month according to new preliminary estimates. The state’s unemployment rate had been steady at 3.5 percent for more than six months until increasing to 3.6 percent in April.

This month’s preliminary data shows another increase up to 3.7 percent — the state’s highest unemployment rate since August 2021. That rate is still below the national average, which stands at 4 percent.

READ MORE: Expert outlines potential causes for the state's low labor force participation rate numbers
 

Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 765-275-1120. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.


Indiana’s total labor force is more than 3.3 million, a slight decrease from April. The state’s labor force participation rate — or measure of working-age Hoosiers that are either working or actively looking for work — fell to 62.4 percent, just below the national rate.

Timoria is our labor and employment reporter. Contact her at tcunningham@wfyi.org.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

Related News

Indiana reimplements waitlists for two child care voucher programs for first time since 2018
Court stops Indiana law giving utilities dibs on interstate power lines, may affect Hoosiers' bills
Governor-elect Braun adds Jennifer-Ruth Green, Suzanne Jaworowski to cabinet