State Jobless Rate Goes Up in July

(Statewide) – The unemployment rate of the State of Indiana in July stood at 4.0%, according to the Indiana Department of Workforce Development. By comparison, the national unemployment rate for July stands at 4.3%.

In addition, Indiana’s labor force participation rate of 62.5% is now .1% higher than it was in June but still slightly below the national rate of 62.7%. This rate is the percentage of Hoosiers 16 and older who are either working or actively looking for work. Those not in the labor force include, primarily, students, retirees and other non-working populations, such as individuals unable to work due to a disability or illness, or adults responsible for their family’s childcare needs.

Indiana’s total labor force stands at 3,387,066.

Private sector employment in Indiana was unchanged over the last month. In July of 2024 Indiana reported 2,859,300 jobs.

Industries that experienced job increases in July included:

• Leisure & Hospitality (+ 2,000);
• Trade, Transportation & Utilities (+2,000);
• Construction (+ 1,400); and
• Professional and Business Services (+1,300).

As of July 16, 2024, there were 96,433 open job postings throughout the state. As of the week ending on July 27, 2024, Indiana had 20,275 continued unemployment insurance claims filed.

Individuals looking for work, training or career information are encouraged to visit in.gov/dwd/job-seekers.

(Indiana Department of Workforce Development press release)