Indiana’s unemployment rate stands at 4.0 percent for May. That number is unchanged from April and is below the national rate of 5.8 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 increase of 6,370 over the previous month. This was a result of an increase of 3,292 unemployed residents and an increase of 3,078 employed residents.
Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.34 million, and the state’s 63.2 percent labor force participation rate remains above the national rate of 61.6 percent.