Indiana’s jobless rate continues to be at its lowest level since 2000. That isn’t the only data point indicating Hoosiers are experiencing a booming job market.
According to the Indiana Department of Workforce Development, the number of workers filing for unemployment benefits in 2019 fell to its lowest level in more than 10 years. The state’s labor force participation rate continues to climb higher than the national average.
With a need for more workers, it is important for Hoosiers to acquire the skills and training required to fill increasingly technical jobs. In 2017, lawmakers created the Next Level Jobs Workforce Ready Grant program. Since then, more than 10,000 Hoosiers have earned a high-value certificate and approximately 23,000 are currently enrolled.
The program works to drive economic growth by providing education and training. Employees can receive up to $5,000 and employers up to $50,000 in grant money to help pay for training costs. Because of Next Level Jobs, more residents are now better prepared to work in high-paying, high-demand fields like advanced manufacturing, information technology and health and life sciences.
In addition to Next level Jobs, Indiana’s tax cuts play a role in spurring business investment and attraction from outside the state. Indiana is ranked the 10th most favorable in the country on the Tax Foundation’s State Business Tax Climate Index. This includes corporate and individual tax rates and sales, property and unemployment insurance taxes. Indiana also ranks favorably compared to neighboring states.
With statistics and initiatives like these, Indiana can continue to break employment records and create a welcoming place for businesses to start and grow.