The monthly unemployment rate is 12.3 percent which remains under the national rate of 13.3 percent.
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(Indianapolis, Ind.) – Indiana Department of Workforce Development released the unemployment rate for the month of May.
The monthly unemployment rate is 12.3 percent which remains under the national rate of 13.3 percent.
The monthly unemployment rate is a U.S. Bureau of Labor Statistics indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
Over the previous month, Indiana’s labor force had a net increase of 110,780, this was a result of a decrease of 156,903 unemployed residents and an increase of 267,683 employed residents.
Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 63.2 percent labor force participation rate is above the national rate of 60.8 percent.
If you would like to learn more about how the rates are calculated you can click here.
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