August 16, 2024

Indiana's unemployment rate continues its streak, worsens for fourth straight month

Listen at IPB News

Article origination IPB News
The unemployment rate for July stands at 4 percent — slightly better than the national average which is at 4.3 percent.  - FILE PHOTO: Justin Hicks / IPB News

The unemployment rate for July stands at 4 percent — slightly better than the national average which is at 4.3 percent.

FILE PHOTO: Justin Hicks / IPB News

Indiana’s unemployment rate worsened slightly in July — a trend that has continued over the last four months. New preliminary data shows a significant increase in the unemployment rate from this time last year.

The unemployment rate for July stands at 4 percent — slightly better than the national average which is at 4.3 percent. This time last year, the rate stood at 3.4 percent after seasonal adjustments to the data — an increase of 0.6 percent over the span of a year.

READ MORE: Indiana unemployment rate worsens for third consecutive month
 

Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 765-275-1120. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.
 

Despite a worsening unemployment rate, Indiana saw an increase in its labor force participation rate, which is a measure of the number of working age people who have jobs or are actively looking for work. It currently stands at 62.5 percent, a slight increase from June.

Timoria is our labor and employment reporter. Contact her at tcunningham@wfyi.org.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

Related News

Indiana law requiring stricter age verification for adult websites now in effect
Where does nuclear waste go? An important question as Indiana welcomes small reactors
McCormick unveils $600 million tax relief plan, aimed at helping address property tax spikes