Indiana’s unemployment rate steady in August

Indiana’s unemployment rate stands at 3.5 percent for August and remains lower than the national rate of 3.9 percent.

With the exception of one month when it was equal in October 2014, Indiana’s unemployment rate now has been below the U.S. rate for more than four years.

Indiana’s labor force had a net increase of 11,085 over the previous month.

This was a result of a 2,594 increase in unemployed residents and an increase of 8,491 employed residents.

Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.39 million, and the state’s 65.0 percent labor force participation rate remains above the national rate of 62.7 percent.

In addition, Indiana’s initial unemployment insurance claims continue to be at historical lows.