Indiana unemployment rate at 3% for October

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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)
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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