Indiana’s unemployment rate held steady in May at 3.2 percent. That marks the longest stretch Indiana’s unemployment rate has gone unchanged since October of 2012.
The 3.2 percent rate held steady since February, again equaling its lowest level in nearly 18 years.
Private sector employment rebounded after a disappointing April, adding about 1,300 jobs in May. That growth was principally driven by the financial sector.
And the state’s labor force boomed last month. The labor force measures not just those who have jobs, but also those actively looking for one. Growth in the labor force is often seen as a sign of optimism in the economy. And Indiana’s labor force grew by nearly 16,000 Hoosiers in May.