The Hoosier state grew 5,500 private sector jobs in October, led mainly by the Trade, Transportation and Utilities (+3,300), and Manufacturing (+2,500) sectors. Indiana has added private sector jobs 16 of the past 22 months, with monthly increases averaging 3,800. Over the past year, Indiana has consistently led the nation in manufacturing growth, with more than 24,000 jobs in this sector added since last October. Since July 2009, the low point of employment in the state, Indiana has grown 247,500 private sector jobs in total.

In October, Indiana’s seasonally-adjusted unemployment rate held steady at 5.7 percent due to an increase of 14,000 individuals to the state’s labor force. Over the past year, the Hoosier labor force has grown by more than 65,000, which ranks as one of the largest increases in the US Indiana’s unemployment rate has decreased by 1.4 percent over the past year. Initial and continued claims for unemployment insurance benefits continue to remain at levels not seen since 2000.

Sectors showing gains in October include: Trade, Transportation and Utilities (3,300), Manufacturing (2,500), Private Educational and Heath Services (1,200), Leisure and Hospitality (1,200), and Financial Activities (200). Sectors showing declines in October include Professional and Business Services (-2,200), and Construction (-900). Total non-farm employment increased in October (7,300).

Total private sector jobs were revised upward (200) for September by the US Bureau of Labor Statistics. October employment data for Indiana Counties, Cities, and MSA’s will be available at 12 p.m. Monday, Nov. 24, 2014 pending U.S. Bureau of Labor Statistics validation.

The November 2014 Indiana Employment Report will be released on Friday, December 19, 2014, and the November 2014 Indiana County, City and MSA Employment Report will be released at 12 p.m. Monday, December 22, 2014.

(Courtesy of WorkOne)

Source: Indiana Department of Workforce Development