Indiana’s unemployment rate drops to 7.8 percent for July, and the national rate is 10.2 percent. The monthly unemployment rate is a U.S. 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.
Indiana’s labor force had a net decrease of 75,741 over the previous month. This was a result of a decrease of 117,983 unemployed residents and an increase of 42,242 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.31 million, and the state’s 62.8 percent labor force participation rate is above the national rate of 61.4 percent.