The Bureau of Labor Statistics issued its February unemployment report today which showed Indiana continuing to see a decline in its rate, falling from 4.2% in January down to 4.0% in February. However, February total private employment is 118,500 below the December 2019 peak. Private sector employment has decreased by 113,400 over the year and also decreased by 6,600 over the previous month despite an increase of 2,500 in manufacturing jobs.
Indiana continues to lead all Midwestern states except Wisconsin with its February rate. Contiguous states and their February rates are: Illinois at 7.4%, Michigan at 5.2%, Kentucky at 5.2%, and Ohio at 5.0%. The U.S. rate for February stands at 6.2%.