Indiana Unemployment Rate Falls in March

Monday, April 18, 2022 at 9:27 AM

The state's jobless rate continues to fall under the national rate.

Shutterstock photo.

INDIANAPOLIS - Indiana’s unemployment rate experienced a slight decrease in March.

According to the Indiana Department of Workforce Development, the state’s jobless rate dropped to 2.2 percent in March, down from 2.3 percent in February.

This marks the sixth consecutive month the unemployment rate has been below 3.0 percent. By comparison, the national unemployment rate decreased from 3.8 percent to 3.6 percent in March.

“The latest employment data continues to show a positive trend with Indiana’s labor force,” DWD Commissioner Fred Payne said. “We are encouraged by the increase in private employment and the labor participation rate. This is a great time for those out of the labor force to take advantage of the open job opportunities that could lead to economic mobility.”

Indiana’s labor force participation rate rose from 62.1 percent in February to 62.4 percent in March, matching the national rate.

Private sector employment increased by 7,300 jobs last month. The monthly increase is primarily attributed to Private Education and Health Services, Manufacturing, Construction, and Financial Activities.

The state reports 154,713 current jobs openings.

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