unemployment

The state’s unemployment rate saw a slight increase last month according to new preliminary estimates.

May’s unemployment rate was the highest it’s been in more than two years.

The state’s unemployment rate had been steady at three-point-five percent for more than half a year until increasing to three-point-six in April.

This month’s preliminary data shows another increase up to three-point-seven — the state’s highest unemployment rate since August 2021.

That rate is still under the national average, which stands at four percent.

Indiana’s total labor force is over three-point-three million, a slight decrease from April.

The state’s labor force participation rate — ormeasure of working-age Hoosiers that are either working or actively looking for work — fell to 62-point-4 percent, just below the national rate.