Unemployment Rate Down for Second Straight Month

INDIANA, (WOWO): There was no job growth in Indiana last month, but the unemployment rate still went down. The Department of Workforce Development says the unemployment for the month of March was 5.8 percent, a drop of a tenth of a point from February's rate. The rate fell slightly even though the state lost 800 private sector jobs during the month, mainly due to a drop in the Professional and Business Services sector.

Indiana’s economic indicators in 2015 remain positive on the whole,” said workforce development commissioner Steven Braun. “Additionally, continued claims for unemployment insurance remain at their lowest levels in fifteen years, which is also an encouraging trend as we enter the spring and summer months.”

The labor-force participation rate also fell in March to 63.6 percent, a drop of two-tenths of a percentage point. But Braun says Indiana's participation rate is almost a full-percentage point higher than the national rate.

The unemployment rate has fallen by 2.4 percentage points over the past two years during the national economic recovery, and Braun says despite the drop in March, Indiana has added 95,000 private sector jobs during that time period.

March was only the sixth month in the last 26 in which private sector employment fell.

The national unemployment rate in March was 5.5-percent.