Indiana’s unemployment rate remains at 4.1% for July

Indiana

INDIANAPOLIS (WANE) – Indiana’s unemployment rate remains unchanged at 4.1% for July, and the national rate is 5.4%, the Indiana Department of Workforce Development (DWD) announced Friday. 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 1,740 over the previous month. This was a result of a decrease of 630 unemployed residents and a decrease of 1,110 employed residents. 

Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.35 million, DWD said. The state’s 63.2% labor force participation rate remains above the national rate of 61.7%.

Learn more about how unemployment rates are calculated here.

Graphics courtesy of the Indiana Department of Workforce Development

Employment by Sector

Private sector employment has increased by 96,600 over the year and increased by 17,100 over the previous month. The monthly increase is primarily due to gains in the Manufacturing (4,800), the Trade, Transportation and Utilities (4,500) and the Private Educational and Health Services (2,800) sectors. Gains were offset by a loss in the Financial Activities (-1,600) sector. Total private employment stands at 2,650,500, which is 90,000 below the December 2019 peak.

Midwest Unemployment Rates

Graphics courtesy of the Indiana Department of Workforce Development

EDITOR’S NOTES:

Data are sourced from July Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics

July employment data for Indiana Counties, Cities and MSAs will be available Monday, August 23, 2021, at noon (Eastern) pending U.S. Bureau of Labor Statistics validation. 

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss