(INDIANAPOLIS) – Indiana’s unemployment rate stands at 3.2 percent for October and remains lower than the national rate of 3.6 percent.
The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
Indiana’s labor force had a net increase of 567 over the previous month. This was a result of a decrease of 1,397 unemployed residents and an increase of 1,964 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.38 million, and the state’s 64.4 percent labor force participation rate remains above the national rate of 63.3 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Employment by Sector
Private sector employment has grown by 16,500 over the year and has decreased by 2,000 over the previous month. The monthly decrease is primarily due to losses in the Manufacturing (-4,000) and the Trade, Transportation and Utilities (-2,100) sectors. Losses were partially offset by gains in the Leisure and Hospitality (2,100) and the Professional and Business Services (1,500) sectors. Total private employment stands at 2,734,500, which is 2,400 above the December 2018 peak.
Midwest Unemployment Rates