Indianapolis, IN - Indiana’s unemployment rate stands at 3.6 percent for March and remains lower than the national rate of 3.8 percent. With the exception of one month when it was equal (October 2014), Indiana's unemployment rate now has been below the U.S. rate for more than five years. 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 6,769 over the previous month. This was a result of an increase of 2,634 unemployed residents and an increase of 4,135 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.41 million, and the state’s 65.3 percent labor force participation rate remains above the national rate of 63.0 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Miami County Unemployment Numbers:
In Miami County, the March unemployment rate stood at 4.3%. This is down from the 4.5% reported in February 2019. Miami County has the 24th highest unemployment rate of the 92 Indiana Counties. Lake County has the highest rate at 6.9%. The lowest rate is in Boone, Dubois, and Hamilton Counties which have a rate of 2.8%.
Howard County has the highest rate of the surrounding counties with a rate of 4.4%. This is followed by Cass and Miami Counties at 4.3%. Grant County has a rate of 4.2%, Fulton County at 4.1% and Wabash County has the lowest rate at 3.9%.
You can view a state map of the unemployment rates below:
Employment by Sector
Private sector employment has grown by 38,100 over the year and 5,300 over the previous month. The monthly increase is primarily due to gains in the Professional and Business Services (1,200), the Leisure and Hospitality (1,100) and the Financial Activities (1,000) sectors. Gains were partially offset by a loss in the Other (-300), which includes Mining and Logging, IT and Other Services, sector. Total private employment reached a preliminary record highpoint of 2,750,400, which is 18,300 above the December 2018 peak. The March 2019 peak, like all data within this report, is subject to monthly revisions and annual benchmarking.
Midwest Unemployment Rates
Data are sourced from March Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics