(INDIANAPOLIS) – Indiana saw a drop in their statewide unemployment rate from September to October.
According to the Indiana Department Of Workforce Development, the October unemployment rate was 3.3 percent, down from an adjusted rate of 3.5 percent in the month of September.
Indiana’s labor force had a net decrease of 9,183 over the previous month. This was a result of a decrease of 7,030 unemployed residents and a decrease of 2,153 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 62.7 percent labor force participation rate remains above the national rate of 61.6 percent.
Private sector employment has increased by 66,000 over the year and increased by 14,600 over the previous month.
This monthly increase is primarily due to gains in the Manufacturing (5,800) and the Trade, Transportation and Utilities (4,100) sectors. Gains were offset by losses in the Private Education and Health Services (-1,000) and the All Other, which includes Mining, Logging, Information, and other services except Public Administration, (-200) sectors. Total private employment stands at 2,670,500, which is 70,000 below the December 2019 peak.