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Indiana’s Unemployment Rate Holds Steady At 5.7 Percent

Indiana's unemployment rate had dropped for nine consecutive months until May.

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Photo: Gretchen Frazee/Indiana Public Media News

Indiana's unemployed filing for benefits will face stricter rules after Saturday.

Indiana’s unemployment rate in May failed to drop for the first time in nine months, holding steady at 5.7 percent.

Indiana’s private sector added 4,800 jobs last month, yet the unemployment rate remained unchanged.

The Department of Workforce Development says that’s because the state’s labor force increased, with about 2,000 unemployed Hoosiers actively resuming the job hunt.

The state’s unemployment rate remains more than 0.5 percent below the national average, and it’s dropped nearly 2 percent in just one year, with 46,000 jobs added since May of 2013.

Governor Mike Pence says there are plenty of reasons to be encouraged about Indiana’s economy.

“We’ll finish this fiscal year with a $100 million dollars surplus, nearly $2 billion in reserves and that will continue to send a very, very strong message around the country about the fiscal strength of the state of Indiana,” he says.

Indiana’s rate is far below almost all of its neighboring states. Only Ohio sits lower at 5.5 percent.

 

Brandon Smith, IPBS

Brandon Smith, IPBS has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.

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