The state's July unemployment rate was 4.0 percent (seasonally adjusted), up from 3.8 percent in June. The June 2023 rate was 3.4 percent. Indiana had 3.28 million employed persons in July in a labor force of 3.45 million people. In June, the state had 3.27 million workers in a labor force of 3.42 million. A year ago, the numbers were 3.31 million of 3.43 million.
THE U.S. EMPLOYMENT SITUATION U.S. Bureau of Labor Statistics JULY 2024 The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged up by 114,000, the U.S. Bureau of Labor Statistics reported Aug. 2. Learn more at: www.bls.gov/news.release/pdf/empsit.pdf |
The U.S. unemployment rate was 4.3 percent in July (seasonally adjusted), up fractionally from 4.1 percent in June. A year ago, the national rate was 3.5 percent. In July, the U.S. had 162 million employed persons in a labor force of 169.7 million. The previous month those numbers were 161.78 million of 169 million. A year earlier, the U.S. had 162 million workers in a labor force of 168.4 million.
The unemployment rates for surrounding counties in July were Jasper 4.9 percent, Starke 5.5, Marshall 4.6, Fulton 4.7, Cass 5.2 and White 3.9 (all higher than the previous month).
Howard County (7.0 percent) had the state's highest unemployment rate in July, followed by Fayette (6.9 percent) and Huntington County (6.7 percent). Pulaski County was among four counties at 4.0 percent, ranking them at the state's 12th lowest unemployment rate of the 92 counties. Martin County (3.6 percent) had the state's lowest unemployment rate in July, followed by Dubois, Clinton and Benton (all at 3.7 percent).
EDITOR’S NOTE: Per the U.S. Bureau of Labor Statistics (BLS), sub-state level data are not seasonally adjusted due to sample size. For example, over the course of a year, the size of the labor force, employment and unemployment levels, and other measures of labor market undergo fluctuations due to seasonal events including changes in weather, harvests, major holidays, and school schedules. Therefore, for more accurate comparisons, data should be compared to the same month from prior years, not the previous month, as to better account for non-economic factors.
July 2024 Indiana Employment Report
INDIANAPOLIS (Aug. 16) - The unemployment rate of the State of Indiana in July stood at 4.0 percent, 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.