Indiana’s March unemployment rate stands below national rate

(Photo supplied/Indiana Department of Workforce Development)
The unemployment rate of the State of Indiana in March stands at 3.5%, according to the Indiana Department of Workforce Development. By comparison, the national unemployment rate for March stands at 3.8%.
In addition, Indiana’s labor force participation rate stands at 62.6% for March, while the national rate is 62.7%. This rate is the percentage of Hoosiers 16 and older that are either working or actively looking for work. Those not in the labor force include, primarily, students, retirees and other non-working populations, such as individuals unable to work due to a disability or illness, or adults responsible for their family’s childcare needs.
Indiana’s total labor force stands at 3,380,807 – a decrease of 8,595 from the previous month.
“March 2024 was yet another record month for Indiana employment with more Hoosiers employed in the private sector than ever before,” said DWD Commissioner Richard Paulk. “We saw an increase in demand for workers within six industry sectors including Private Education and Health Services and Professional and Business Services. These sectors added over two thousand jobs to Indiana. Combining these numbers with exciting announcements of new opportunities, including the SK Hynix announcement, shows the strength of the Indiana economy.”
Private sector employment in Indiana increased by 3,300 jobs over the last month, resulting in a gain of 34,500 jobs from this time last year. Indiana’s March private employment stands at 2,845,500.
Industries that experienced job increases in March included:
Private Educational and Health Services (+1,200);
Professional and Business Services (+1,100);
Trade, Transportation and Utilities (+800);
Construction (+400);
Leisure and Hospitality (+300); and
Financial Activities (+100).
As of April 16, 2024, there were 105,593 open job postings throughout the state. As of the week ending March 30, 2024, Indiana had 23,998 continued unemployment insurance claims filed.
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