The unemployment rate of the State of Indiana in March stands at 3.5%, according to the Indiana Department of Workforce Development. By comparison, the national unemployment rate for March stands at 3.8%.
In addition, Indiana’s labor force participation rate stands at 62.6% for March, while the national rate is 62.7%. This rate is the percentage of Hoosiers 16 and older who are either working or actively looking for work. Those not in the labor force include, primarily, students, retirees, and other non-working populations, such as individuals unable to work due to a disability or illness, or adults responsible for their family’s childcare needs.
Indiana’s total labor force stands at 3,380,807 – a decrease of 8,595 from the previous month.
The March 2024 unemployment rate in Marshall County was 4.2% ranking the county 36th of the 92 counties in Indiana. In 2023 the county’s unemployment rate was 3.6% and the county was ranked 35th, in 2022 the rate was 2.3% ranking us 67th and in 2021 Marshall County was ranked 53rd with an unemployment rate of 4.0%.
Looking at the counties surrounding Marshall you find Starke County ranked 4th with a rate of 5.4%, LaPorte County is 7th on the list of counties with an unemployment rate of 5.0%, Fulton County is 10th on the list with a rate of 4.9% and Elkhart County is 23rd with a rate of 4.4%. Kosciusko County is 29th on the list of counties with an unemployment rate of 4.3% while Pulaski County is 68th and their unemployment rate is 3.5%.
Lake County sits at the top of the list of counties with an unemployment rate of 6.0% and Gibson County is at the bottom of the list with a rate of 3.0% unemployment.
“March 2024 was yet another record month for Indiana employment with more Hoosiers employed in the private sector than ever before,” said DWD Commissioner Richard Paulk. “We saw an increase in demand for workers within six industry sectors including Private Education and Health Services and Professional and Business Services. These sectors added over two thousand jobs to Indiana. Combining these numbers with exciting announcements of new opportunities, including the SK Hynix announcement, shows the strength of the Indiana economy.”
Private sector employment in Indiana increased by 3,300 jobs over the last month, resulting in a gain of 34,500 jobs from this time last year. Indiana’s March private employment stands at 2,845,500.
Industries that experienced job increases in March included:
Private Educational and Health Services (+1,200);
Professional and Business Services (+1,100);
Trade, Transportation and Utilities (+800);
Construction (+400);
Leisure and Hospitality (+300); and
Financial Activities (+100).
As of April 16, 2024, there were 105,593 open job postings throughout the state.
Individuals looking for work, training or career information are encouraged to visit in.gov/dwd/job-seekers.
