Indiana’s economy continues to grow stronger, according to the Bureau of Labor Statistics report released today by the Indiana Department of Workforce Development.
Indiana businesses have added 149,700 new jobs since January 2013, and the state’s unemployment rate dropped 0.2 percent in July to 4.6 percent – below the national rate of 4.9 percent.
“In Indiana, job creation remains job one, and we continue to see tremendous economic growth across the state,” said Victor Smith, Indiana Secretary of Commerce. “Indiana’s business climate ranks first in the Midwest and fifth overall, supporting Hoosier businesses that are adding jobs at rate of nearly 14 percent [since July 2009] and outpacing the national average. As we look toward Indiana’s third century, we are expanding our economic development strategies to advance talent attraction and innovation to ensure sustained, long-term job growth and to affirm that Indiana is truly the best place to live, work and play.”
Indiana’s labor force, which includes both Hoosiers that are getting jobs and those that are ready to start looking for jobs, increased by more than 3,700 Hoosiers in July and 75,029 Hoosiers so far in 2016.
Indiana’s labor force participation rate remains at 65.4 percent, which is above the national rate of 62.8 percent. For the 13th consecutive month, private sector employment remains above the previous employment record from March 2000.