Indiana October 2024 Employment Report released

Tuesday, November 19, 2024 at 11:21 AM

By Staff report

The unemployment rate of the State of Indiana in October was recorded to be 4.4%, according to the Indiana Department of Workforce Development. By comparison, the national unemployment rate reported for October was 4.1%.

In addition, Indiana’s labor force participation rate is 63.2% compared to the national rate of 62.6%. This rate is the percentage of Hoosiers 16-and-older that are either working or actively looking for work.

Those not in the labor force include primarily students, retirees and other non-working populations, such as individuals unable to work due to a disability or illness, or adults responsible for their family's childcare needs.

Indiana’s total labor force stands at 3,432,973 and is at its highest on record.

October 2024 total private employment is 2,872,900, an increase of 100 from the previous month and 608,900 above the April 2020 Trough. This is a new Indiana private employment peak.

Industries that experienced job increases this month included:

Leisure and Hospitality (+2,700)
All Other (+800)
Private Education & Health Services (+100)

As of Nov. 1, there were 93,485 open job postings throughout the state. As of the week ending on Oct. 26, Indiana had 20,802 continued unemployment insurance claims filed.

Individuals looking for work, training or career information are encouraged to visit in.gov/dwd/job-seekers.

The Shelby County Post is a digital newspaper producing news, sports, obituaries and more without a pay wall or subscription needed.