Despite sizable private sector gains, Indiana’s unemployment rate was driven up one-tenth of a percent to 6 percent in January due to increases in the labor force, according to the Indiana Department of Workforce Development.
The private sector added 8,600 jobs in January, led primarily by the trade, transportation and utilities, and manufacturing sectors. Indiana now stands just 21,000 private sector jobs below the all-time peak of employment in the state, which occurred in March 2000, according to the report.
The Hoosier labor force has grown by 85,500 people over the past two years, which is one of the largest labor increases in the nation.
Indiana’s labor participation increased in January by two-tenths of a percent to 63.9 percent, a percentage point higher than the national average.
(Image courtesy Indiana Department of Workforce Development. Click image to enlarge.)