THE U.S. EMPLOYMENT SITUATION U.S. Bureau of Labor Statistics October 2024 Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported Nov. 1. Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity. Learn more at: www.bls.gov/news.release/pdf/empsit.pdf |
The unemployment rates for surrounding counties in October were Jasper 4.1 percent, Starke 4.8, Marshall 4.0, Fulton 4.4, Cass 4.8 and White 3.5 (all slightly lower or the same as the previous month).
Howard County, at 8.7 percent, had the state's highest unemployment rate in October, followed by Miami County at 5.9 percent. Daviess and Gibson counties (both 3.0 percent) had the state's lowest unemployment rate, followed by Martin, Hamilton and Boone counties, all at 3.1 percent.
EDITOR’S NOTE: Per the U.S. Bureau of Labor Statistics (BLS), sub-state level data are not seasonally adjusted due to sample size. For example, over the course of a year, the size of the labor force, employment and unemployment levels, and other measures of labor market undergo fluctuations due to seasonal events including changes in weather, harvests, major holidays, and school schedules. Therefore, for more accurate comparisons, data should be compared to the same month from prior years, not the previous month, as to better account for non-economic factors.
October 2024 Indiana Employment Report
INDIANAPOLIS (Nov. 19) - The unemployment rate of the State of Indiana in October was recorded to be 4.4 percent, according to the Indiana Department of Workforce Development. By comparison, the national unemployment rate reported for October was 4.1 percent.
In addition, Indiana’s labor force participation rate is 63.2 percent compared to the national rate of 62.6 percent. This rate is the percentage of Hoosiers 16 and older who 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 & 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.