Indiana unemployment rate ticks down to 4.4 percent

Keywords Unemployment
  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

The state’s seasonally-adjusted unemployment rate dipped one-tenth of a percentage point, to 4.4 percent, in October as private-sector employment grew by 3,400 jobs, the Indiana Department of Workforce Development said Friday.

Indiana’s labor force —which is composed of both employed and unemployed-but-willing-to-work residents—has grown by 83,409 workers in the past year. That growth has helped push the state’s total labor force to more than 3.3 million, the state said.

Private-sector employment in Indiana has grown by 26,900 this year.

Monthly gains were seen in the categories of Private Education & Health Services (3,600), Trade, Transportation & Utilities (800) and  Leisure & Hospitality (400). Declines were seen in Professional & Business Services (-700), Manufacturing (-600) and Financial Services (-400).

Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—was at 65 percent in October, remaining well above the national rate of 62.8 percent.

Among Indiana’s neighboring states, Michigan was behind Indiana in October with a jobless rate of 4.7 percent, followed by Ohio (4.9 percent), Kentucky (5.1 percent) and Illinois (5.6 percent).

The national unemployment rate was 4.9 percent in October.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In