INDIANAPOLIS, IN - Indiana’s unemployment rate in October stands at 3.0%.
According to the Indiana Department of Workforce Development, by comparison, the national unemployment rate in October stands at 3.7%, compared to 3.5% in September.
In addition, Indiana’s labor force participation rate is 63.3% for October, remaining above the national rate of 62.2%.
Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3,397,335 - a decrease of 3,724 from the previous month.
Private sector employment in Indiana increased by 6,900 jobs over the last month, translating to a gain of 83,000 jobs from this time last year.
Indiana once again is experiencing a peak in private employment, which now stands at 2,782,000. Industries that experienced job increases in October included Manufacturing (+2,800); Private Educational and Health Services (+1,900); Trade, Transportation and Health Services (+1,700); Financial Activities (+1,200); and Leisure and Hospitality (+1,100).
As of Nov. 16, 2022, there were 142,024 open job postings throughout the state. In October, 17,622 people in Indiana received unemployment benefits.
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