INDIANAPOLIS (April 21, 2014) – Indiana’s unemployment rate hit its lowest point since July 2008, new numbers from the state show.
According to the Department of Workforce Development, Indiana’s seasonally-adjusted unemployment rate fell to 5.9 percent in March. The national unemployment rate is 6.7 percent, unchanged from February to March. Indiana unemployment has fallen by two percent over the past year, the third largest drop in the country.
The state’s labor force grew in March, the department said, marking the sixth straight month of labor force growth. The Department of Workforce Development said Indiana’s labor force has grown by more than 25,000 in the first quarter of 2014. The state added 3,200 private sector jobs in March, and overall, Indiana has added 215,000 private sector jobs since July 2009, the low point for the state’s job market.
Indiana Department of Workforce Development Commissioner Scott B. Sanders said March claims for state unemployment insurance were 10,000 below their March 2013 levels.
Indiana’s unemployment rate is the lowest among neighboring states. Illinois (8.4 percent), Michigan (7.5 percent) and Ohio (6.1 percent) all showed declines in unemployment. Kentucky (7.9 percent) saw a slight increase.