Indiana’s unemployment rate in October rose to 3.0%, according to the Indiana Department of Workforce Development. It was 2.8% in September.

By comparison, the national unemployment rate in October was 3.7%, compared to 3.5% in September.

In addition, Indiana’s labor force participation rate was 63.3% for October, remaining above the national rate of 62.2%. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3,397,335 – a decrease of 3,724 from the previous month.

Private sector employment in Indiana increased by 6,900 jobs over the last month, translating to a gain of 83,000 jobs from this time last year. Indiana once again is experiencing a peak in private employment, which now stands at 2,782,000. Industries that experienced job increases in October included:

·         Manufacturing (+2,800);

·         Private Educational and Health Services (+1,900);

·         Trade, Transportation and Health Services (+1,700);

·         Financial Activities (+1,200); and

·         Leisure and Hospitality (+1,100).

As of Nov. 16, 2022, there were 142,024 online job postings throughout the state. In October, 17,622 people in Indiana received unemployment benefits.