INDIANAPOLIS – Indiana’s unemployment rate drops to 6.4 percent for August, and the national rate is 8.4 percent.
Indiana’s labor force had a net increase of 41,752 over the previous month. This was a result of a decrease of 46,693 unemployed residents and an increase of 88,445 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 63.5 percent labor force participation rate is above the national rate of 61.7 percent.
The monthly unemployment rate is a US 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.