(INDIANAPOLIS) – Indiana's jobless rate has gone down from September to October.
The Indiana Department of Workforce Development says the State's jobless rate went from 6.2 percent in September to an even 5 percent in October.
Indiana's labor force had a net decrease of 7,271 over the previous month. This was a result of a decrease of 41,803 unemployed residents and an increase of 34,532 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.3 million. In addition, the State's 63.1 percent labor force participation rate remains above the national rate of 61.7 percent.
Private sector employment has decreased by 83,900 over the year and increased by 23,300 over the previous month. The monthly increase is primarily due to gains in the Trade, Transportation and Utilities (8,600), the Professional and Business Services (7,400) and the Leisure and Hospitality (3,600) sectors. Gains were offset by a loss in the Construction (-900) sector.