INDIANAPOLIS – Indiana’s unemployment rate stands at 3.3 percent for June and remains lower than the national rate of 4.0 percent. With the exception of one month when it was equal (October 2014), Indiana's unemployment rate now has been below the U.S. rate for more than four years. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
Indiana’s labor force had a net increase of 14,948 over the previous month. This was a result of a 3,785 increase in unemployed residents and an increase of 11,163 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.36 million, and the state’s 64.6 percent labor force participation rate remains above the national rate of 62.9 percent (through June 2018) and the BLS Midwest States' average rate of 62.6 percent (through May 2018).
In addition, Indiana's initial unemployment insurance claims continue to be at historical lows.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Miami County Unemployment Numbers:
In Miami County, the unemployment rate stood at 4.2%. This is up from the 3.7% reported in May 2018. Miami County has the 15th highest unemployment rate of the 92 Indiana Counties. Vermillion County has the highest rate at 5.6%. The lowest rate is in LaGrange County which is 2.6%.
Miami County has the second highest rate of the surrounding counties. Grant County’s rate is 4.3 %. The rates in Cass County at 3.8%, Wabash County at 3.8%, and Howard County at 4.0%. The lowest of the surrounding counties is Fulton County which has a rate of 3.5%.
You can see an Indiana county map listing the rate for each county below:
Employment by Sector
Private sector employment has grown by more than 26,600 over the year and has increased by 1,300 over the previous month, primarily due to gains in the Financial Activities (1,300) and the Trade, Transportation, and Utilities (1,100) sectors. Gains were partially offset by losses in the Leisure and Hospitality (-1,900) and the Construction (-1,000) sectors. Total private employment stands at 2,701,800 and is 12,900 above the December 2017 peak.
Midwest Unemployment Rates
- Data are sourced from June Current Employment Statistics, Local Area Unemployment Statistics – U.S. Bureau of Labor Statistics