Unemployment Rate Continues Downward Trend
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Indiana’s unemployment rate fell to 2.2% in March, down from 2.3% the previous month. The Indiana Department of Workforce Development says the state added more than 7,000 private sector jobs last month.
The DWD says March’s rate marks the sixth consecutive month unemployment has been below 3%.
“The latest employment data continues to show a positive trend with Indiana’s labor force,” DWD Commissioner Fred Payne said. “We are encouraged by the increase in private employment and the labor participation rate. This is a great time for those out of the labor force to take advantage of the open job opportunities that could lead to economic mobility.”
The DWD says the addition of the new jobs was primarily due to growth in the private education and health services sector, as well as the manufacturing, construction, and financial activities sectors.
The DWD says the state’s total labor force increased by more than 16,000 people compared to the previous month.
The national unemployment decreased to 3.6% in March from 3.8% in February.