Indiana's unemployment rate remains lower than the national average of 3.6%.
(Indianapolis, Ind.) - Indiana's January unemployment rate hit a 20-year low of 3.1 percent.
This 3.1 percent continues to be lower than the national unemployment rate of 3.6 percent.
November 2000 was the last time Indiana's unemployment rate was lower than 3.1 percent.
The U.S. Bureau of Labor Statistics (BLS) reports the number of unemployed people actively seeking employment within the prior four weeks as a percentage of the labor force.
Indiana’s labor force had a net increase of 3,749 last month. This was a result of a decrease of 877 unemployed residents and an increase of 4,626 employed residents.
In total, the state’s labor force stands at 3.39 million and Indiana’s 64.4 percent labor force participation rate remains above the national rate of 63.4 percent.
Find how unemployment rates are calculated here, http://www.hoosierdata.in.gov/infographics/employment-status.asp.
RELATED STORIES:
Bill Co-Authored, Sponsored by Patterson Ceremonially Signed by Gov. Braun
All-way Stop Coming to U.S. 52 in New Trenton
Ohio River Way Embarks on Biggest Challenge Yet: 23 Days, 488.5 Miles
New Endowment Fund Established to Strengthen Education in Ripley Co.
DCF Awards $125K Grant to Support Bright Meadows Park Project
Additional Funding Secured for Whitewater Canal Preservation Project
