Indiana Unemployment Holds Steady in May
Indiana's unemployment rate held steady for at 5.7% for the month of May.
The Department of Workforce Development says that's because some two-thousand unemployed Hoosiers rejoined the labor force and resumed their search for work. Department of Workforce Development Spokesman Joe Frank says it's a sign more Hoosiers are hopeful about the economy and their job prospects.
The state added 4,800 private sector jobs in May. Those jobs were mainly private educational and health services, manufacturing and business services. Indiana's jobless rate continues to outpace the national rate by one-half of a percentage point. The state's labor force has grown by more than 46,000 over the past year.
State unemployment insurance claims in May were more than 10,000 below May 2013 levels. UIndy economist Matt Will says Indiana's business-friendly climate is helping the state maintain one of the nation's lowest jobless rates behind Nevada and South Carolina.