Indiana’s unemployment rate dropped to 4.0% in February, down from an adjusted 4.2% in January. The national rate was 6.2 percent.
The Indiana Department of Workforce Development said Indiana’s labor force had a net decrease of 4,971 over the previous month. That was a result of a decrease of 7,402 unemployed residents and an increase of 2,431 employed residents.
Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.34 million, and the state’s 63.2 percent labor force participation rate remains above the national rate of 61.4 percent.
Indiana’s unemployment rate, meanwhile, is the lowest among the bordering states. Wisconsin is the only state in the Midwest with lower unemployment at 3.8%.