Bureau of Labor Statistics

Despite the unemployment increase, the number of people actively working remained high last month and also increased by 1.7 percent, a statistically significant growth, compared to August 2022.

More than 30 percent of the state’s working-age population still isn’t working or looking for work, according to new preliminary estimates.

Along with not being useful indicators of where the labor market is going, this data is sometimes also not a super reliable measure of where the labor market has been.

An increase in unemployment and the state’s overall labor force gives employers that are struggling to hire an opportunity, but the market is still tight.

Indiana’s unemployment rate for October fell to just 3 percent in November, the lowest it’s been in more than two decades. Another record level was set which complicates that rosy picture: job openings are at an all-time high.