INDIANA mSA’S UNEMPLOYMENT RATE AT 4.0% IN MARCH

The seasonally adjusted unemployment rate for the Indiana Micropolitan Statistical Area (mSA) was unchanged over the month at 4.0 percent in March. The local area’s rate was five-tenths of a percentage point lower than a year ago. Over the month the statewide rate was unchanged at 3.4 percent and the national rate ticked down one-tenth of a percentage point to 3.8 percent. Total nonfarm jobs (not seasonally adjusted) in the Indiana mSA were essentially unchanged at 29,600 in March. Over the month, jobs in the nine published supersectors were essentially unchanged. Over the year, three of the nine published supersectors decreased. Mining, logging, and construction declined by 300 jobs, while trade, transportation, and utilities, and leisure and hospitality both were lower by 200 jobs. The other six published supersectors were essentially unchanged since March of 2023.