Indiana’s unemployment rate remained at 3.5% for the third consecutive month. Despite unemployment being unchanged in February, the Indiana Department of Workforce Development says the state set a preliminary record for private sector employment for the fifth consecutive month.
Inside Indiana Business reported that unemployment in Indiana remains below the national rate, which fell to 3.8% last month. According to figures from the U.S. Bureau of Labor Statistics, Indiana’s labor force participation rate rose slightly to 65.2%, 2% higher than the national rate.
Indiana added 4,400 private sector jobs in February, bringing the preliminary record employment total to 2,747,600. The majority of the gains in private sector employment came from the trade, transportation and utilities, and professional and business services sectors.
Of the surrounding states, Indiana continues to be the only one to have an unemployment rate below 4%. Only Minnesota and Wisconsin have lower unemployment rates in the Midwest at 3.1% and 2.9%, respectively.
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