What is the unemployment rate in Indiana?
As of May 2017, the answer to “What is the unemployment rate in Indiana?” is 3.2 percent, a declining percentage compared to past years. This is a huge success for the unemployment rate in Indiana, especially in comparison with the national average of 4.3 percent. This decline in the unemployment rate in Indiana comes at the heels of an April rate of 3.6 percent. The contributing factors that led to the decline in the jobless rate in Indiana is due to the overall decrease in the labor force by over 2,000 workers last month as well as an increase of almost 9,000 unemployed workers who found employment. Reasons that individuals leave the labor force vary, from staying at home to take care of family members or pursuing a secondary education instead of working.
Another high point for Indiana includes the fact that the commissioner of the Indiana Department of Workforce Development stated that unemployment claims have declined as well. For those qualified individuals needing assisting in between employment, unemployment insurance benefits are available. Eligibility requirements do vary state-by-state, so one must meet all of the eligibility requirements outlined in order to be considered for unemployment benefits.