Unemployment rises in October
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Indiana’s unemployment rate increased to 3% in October, up from 2.8% the previous month. The Indiana Department of Workforce Development says despite the increase, the state gained 6,900 private sector jobs last month.
The DWD says Indiana is again experiencing a peak in private employment, which stands at 2,782,000. The state has added a total of 83,000 jobs since this time last year.
The new jobs added in October are being attributed to gains in the manufacturing; private educational and health services; trade, transportation and health services; financial activities; and leisure and hospitality sectors.
The state’s labor force participation rate ticked down slightly to 63.3% in October, though it remains above the national rate of 62.2%. The labor force, which includes residents who are employed or seeking employment, stands at 3,397,335, down more than 3,700 from the previous month.
The DWD says the state has 142,024 open job postings as of Nov. 16, while 17,622 people in Indiana received unemployment benefits in October.
The state’s unemployment rate remains below the national rate, which rose to 3.7%.