Indiana Unemployment Drops in October
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The latest data from the U.S. Bureau of Labor Statistics shows Indiana’s unemployment rate stands at 3.3% for October, a drop of two-tenths of a percent from September’s adjusted 3.5%. Indiana has the second-lowest reading among six Midwestern states, the lowest being Wisconsin at 3.2%.
The national unemployment rate is 4.6%
The Indiana Department of Workforce Development says the BLS revised Indiana’s unemployment rate for September, which stood at 4.0%, downward to 3.5%. The federal agency made the revision after changing the unemployment rate model.
DWD says Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million.
It says private sector employment increased by 14,600 over the previous month with most of the gains in manufacturing and the trade, transportation and utilities sectors.
