INDIANAPOLIS – The unemployment rate for Indiana dropped to 2.3% in February, from 2.4% in January, continuing a favorable streak that began in May 2020. Since then, the rate has either fallen or remained stable, according to the Indiana Department of Workforce Development (DWD).
In addition, the Hoosier labor force participation rate rose from 61.9% in January to 62.1% in February. Indiana’s total labor force, which includes both those employed and residents seeking employment, stands at 3,315,890.
DWD says Indiana’s February private sector employment increased by 10,800 jobs over January, resulting in a gain of 101,500 jobs from this time last year. Total private employment now stands at 2,743,800, a new peak for the state.