Indiana reports record growth in its labor force
Indiana’s labor force grew again in April, extending a record streak of improvement over the past year to hit another new peak last month. The Indiana Department of Workforce Development recently reported that the state’s labor force now stands at 3,415,523. The measure is considered an important indicator of economic growth because it counts both those who have a job or are actively searching for one. The new peak for the state is preliminary and could be revised later. Year over year, 37,495 more Hoosiers have joined the labor force since April 2018. Also, Indiana’s labor force participation rate in April stood at 65.3%. The rate has now outperformed the national average (62.8% in April) for nearly five years (58 months).
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