INDIANAPOLIS – Indiana’s unemployment rate stands at 4.0 percent for February, and the national rate is 6.2 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 4,971 over the previous month. This was a result of a decrease of 7,402 unemployed residents and an increase of 2,431 employed residents.
Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.34 million, and the state’s 63.2 percent labor force participation rate remains above the national rate of 61.4 percent.
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 decreased by 113,400 over the year and decreased by 6,600 over the previous month. The monthly decrease is primarily due to losses in the Trade, Transportation, and Utilities (-5,500) and the Financial Activities (-900)sectors. Losses were offset by gains in the Manufacturing (2,500) and the Leisure and Hospitality (1,500) sectors. Total private employment stands at 2,622,000, which is 118,500 below the new December 2019 peak.
Midwest Unemployment Rates
Data are sourced from February Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics
February employment data for Indiana Counties, Cities and MSAs will be available Monday, March 29, 2021, at noon (Eastern) pending U.S. Bureau of Labor Statistics validation.