Indiana’s unemployment rate remains at 3.6 percent for May, and the national rate also stands at 3.6 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 10,677 over the previous month. This was a result of a decrease of 2,312 unemployed residents and a decrease of 8,365 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.40 million, and the state’s 65.0 percent labor force participation rate remains above the national rate of 62.8 percent.