- Indiana’s current unemployment rate of 6.4 percent is 20 basis points below the U.S. average and at its lowest point since September 2008 when the unemployment rate was 6.3 percent. The month-over-month drop in unemployment of 40 basis points is the largest in 20 years.
- The low unemployment rate strengthens the state’s case as pro-business. For example, the Indiana legislature recently passed a bill that will make the Hoosier State’s corporate tax rate the lowest in the U.S. by 2022. This measure is intended as a business expansion and relocation approach to jobs growth.
Source: JLL Research, Indianapolis Business Journal