Unemployment projections bode well for Hoosiers
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Based on the current trajectory of unemployment data, it appears Indiana’s annual unemployment rate could be 2.1% in 2027. Job search engine Lensa analyzed unemployment data over the past 10 years and calculated the possible unemployment rate five years out.
At 2.1%, Indiana would have the seventh lowest, projected unemployment rate, tied with Georgia.
If realized, Utah will have the lowest rate at 1.4%, followed by Alabama and Nebraska at 1.8%.
There’s a three-way tie for the fourth position between Kansas, Idaho and Montana at 2.0%.
Hawaii has the highest predicted annual unemployment in 2027 at 7.7%
The website gathered average unemployment rates for each state from 2011 to 2021, including 2020 when the pandemic caused jobless rates to soar.
The latest data from the Indiana Department of Workforce Development shows Indiana’s unemployment rate in May was 2.2%.
Click here to learn more about unemployment projections.