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Indiana's unemployment rate is still at a near-historic low of 3.1 percent. The state’s unemployment rate has remained around 3 percent for over a year.
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Indiana’s 2022 annual unemployment rate was 3 percent – meaning, on average, about 100,000 Hoosiers were out of work but actively seeking something. The last time the state’s unemployment level was or rate was that low was in 2000.
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The state’s 63.3 percent labor force participation rate is just below pre-pandemic levels. Employment numbers vary across localities and industries. Manufacturing, trade, transportation and utilities had significant year-over-year employment increases in July.