Chesterton Tribune

 

 

State jobless rate drops

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The state’s jobless rate in May dropped by more than four points, down to 12.3 percent from 16.9 percent in April (3.3 percent in May 2019), the Indiana Department of Workforce Development (DWD) is reporting.

Indiana’s labor force in May had a net decrease of 110,780 from April. This was a result of a decrease of 156,903 unemployed residents and an increase of 267,683 employed residents.

Indiana’s total labor force, which includes both Hoosiers who are employed and those seeking employment, stands at 3.33 million, while the state’s 63.2-percent labor force participation rate is above the national rate of 60.8 percent.

Private sector employment has decreased by 315,000 over the year, but in May increased by 90,100 over April. The monthly increase is chiefly due to gains in leisure and hospitality (+34,700); manufacturing (+18,100); and private education and health services (+10,700).

Total employment stands at 2,422,800, which is well below the January 2019 peak of 326, 500.

DWD will release county and municipal unemployment rates for May on Monday.

 

Posted 6/19/2020

 
 
 
 

 

 

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