(INDIANAPOLIS) – There was no change in Indiana’s statewide unemployment from September to October.
The Indiana Department Of Workforce Development says the unemployment rate in the Hoosier State remained at 3.6%. The National unemployment rate for October was 3.9%.
Indiana’s labor force participation rate stands at 63.3% for October, remaining above the national rate of 62.7%. This rate is the percentage of Hoosiers 16 and older that are either working or actively looking for work.
Indiana’s total labor force stands at 3,421,751, which is a decrease of 4,455 from the previous month.
Private sector employment in Indiana increased by 3,400 jobs over the last month, resulting in a gain of 47,100 jobs from this time last year. Indiana's October private employment stands at 2,858,300, which is a new private employment peak.
Industries that experienced job increases in October included: Construction (+2,500); Private Educational and Health Services (+2,400); Leisure and Hospitality (+1,900); Financial Activities (+1,600); and Trade, Transportation and Utilities (+400).
DWD Commissioner Richard Paulk says Indiana's labor market continues to show strength for both workers and employers. Paulk says even though the State set a private employment record, employers still need to fill many more critical jobs. He says economic trends are favorable and we encourage Hoosiers considering re-entering the workforce to take advantage of this worker-friendly economic climate.
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