(INDIANAPOLIS) - Indiana’s unemployment rate dropped to 3.4 percent for the month of July and remains lower than the national rate of 3.7 percent.
The last time Indiana's unemployment rate was at 3.4 percent was April 2018.
Indiana’s labor force had a net decrease of 6,608 over the previous month. This was a result of a decrease of 1,274 unemployed residents and a decrease of 5,334 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.38 million, and the state’s 64.6 percent labor force participation rate remains above the national rate of 63 percent.
Private sector employment decreased by 1,300 over the previous month. The monthly decrease is primarily due to losses in the Leisure and Hospitality (-1,500) and the Trade, Transportation and Utilities (-700) sectors. The losses were partially offset by gains in the Private Educational and Health Services (1,500) and the Financial Activities (300) sectors.
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