Private Sector Employment Reaches Preliminary Record Peak
INDIANAPOLIS (July 19, 2019) – Indiana’s unemployment rate drops to 3.5 percent for June and remains lower than the national rate of 3.7 percent. 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 decrease of 10,126 over the previous month. This was a result of a decrease of 3,123 unemployed residents and a decrease of 7,003 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.39 million, and the state’s 64.8 percent labor force participation rate remains above the national rate of 62.9 percent.
In addition, regular unemployment insurance claims in the reference week (12th of the month) continue to decline in 2019.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Employment by Sector
Private sector employment has grown by 37,000 over the year and 6,800 over the previous month. The monthly increase is primarily due to gains in the Private Educational and Health Services (5,000) and the Professional and Business Services (1,100) sectors. Gains were partially offset by losses in the Manufacturing (-700) and the Construction (-500) sectors. Total private employment reached a preliminary record highpoint of 2,750,700, which is 18,600 above the December 2018 peak. The June 2019 peak, like all data within this report, is subject to monthly revisions and annual benchmarking.
Midwest Unemployment Rates
Data are sourced from June Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics
June employment data for Indiana Counties, Cities and MSAs will be available Monday, July 22, 2019, at noon (Eastern) pending U.S. Bureau of Labor Statistics validation.