The Indiana Department of Workforce Development says the state’s unemployment rate dipped to 4.4 percent in October, the lowest level in more than 14 years. Big gains in the manufacturing and private educational and health sectors were tempered by declines in trade, transportation and utilities and professional and business services.
Commissioner of the Indiana Department of Workforce Development says with 90,000 individuals added to the labor force since the start of 2013, Indiana "continues to outpace all other Midwest states." He says weekly unemployment insurance claims remain at their lowest levels in Indiana over decade.
Despite the overall private sector increase and labor force gains, total nonfarm employment was off 3,400 jobs in October.
The state gained in 5,400 manufacturing, 2,900 private educational and health services and 200 financial activities sector jobs.
It lost 3,800 trade, transportation and utilities, 1,900 professional and business services, 900 leisure and hospitality and 600 construction sector jobs.
The entire Midwest was either down or even compared to the previous month, with Indiana and Ohio tied for the lowest rates at 4.4 percent. Kentucky was next-lowest at 4.9 percent, followed by Michigan’s 5 percent rate and Illinois at 5.4 percent. The national average was 5 percent.