Hoosier Economy February unemployment rate inches up to 8.7%

February unemployment rate inches up to 8.7%

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On Monday, the Indiana Department of Workforce Development (DWD) announced Indiana’s February unemployment rate increased to 8.7 percent, up from 8.6 percent in January. Indiana’s unemployment rate has shown an increase in three straight months.

While the national unemployment rate fell .2 percent from January, Indiana’s unemployment rate continues to hover a full percentage point above than the national rate of 7.7 percent. In comparison to surrounding states, Ohio’s  unemployment rate remained steady at 7.0 percent, 1.7 points lower than Indiana’s.  The unemployment rate  in Kentucky was .8 percent lower than Indiana’s at 7.9 percent. Illinois rose half a percent from January to 9.5 percent. and Michigan’s 8.8 percent unemployment rates declined by .1 percent from January.

County with the highest unemployment rate: Vermillion- 13.5%
County with the lowest unemployment rate: Hamilton- 6.5%

Employment Report (LAUS)

Jobs Report (CES)