Indiana Unemployment Rate Down To 5%

INDIANAPOLIS  –  Indiana’s unemployment rate drops to 5.0 percent for October, and the national rate is 6.9 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 decrease of 7,271 over the previous month. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.34 million, and the state’s 63.1 percent labor force participation rate remains above the national rate of 61.7 percent.