Indiana unemployment sees another slight increase
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Indiana’s unemployment rate hit 3.7% in May, up one-tenth of a percent from the previous month. The Indiana Department of Workforce Development said Tuesday that the state added 3,400 private sector jobs over April.
May’s unemployment rate marked the second consecutive month-over-month increase.
The DWD said Indiana’s total private employment stands at 2,850,400. The state primarily saw job gains in the trade, transportation and utilities; professional and business services; construction; financial activities; and leisure and hospitality sectors.
The state’s labor force participation rate fell one-tenth of a percent to 62.4%, which remains slight below the national rate of 62.5%. The labor force, which includes residents who are either employed or seeking employment, stands at 3,377,185, down nearly 1,700 from the previous month.
The DWD said the state had 98,693 open job postings as of June 17, while 19,458 unemployment insurance claims were filed as of the week ending May 25.
The state’s unemployment rate is lower than the national rate, which also rose one-tenth of a percent to 4% in May.