Indiana’s unemployment rate stands at 4.0 percent for May, and the national rate is 5.8 percent. 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 6,370 over the previous month. This was a result of an increase of 3,292 unemployed residents and an increase of 3,078 employed residents.
Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.34 million, and the state’s 63.2 percent labor force participation rate remains above the national rate of 61.6 percent.
Employment by Sector
Private sector employment has increased by 234,800 over the year and decreased by 2,700 over the previous month. The monthly decrease is primarily due to losses in the Manufacturing (-3,600) and the Trade, Transportation and Utilities (-700) sectors. Losses were offset by gains in the Leisure and Hospitality (1,900) and the Construction (400) sectors. Total private employment stands at 2,620,800, which is 119,700 below the December 2019 peak.