State’s unemployment rate at 5%

Statewide – Indiana’s unemployment rate dropped to 5% for October, according to the Indiana Department of Workforce Development (DWD). That is down from 5.8% for September. The national rate is 6.9% for October.

Indiana’s labor force had a net decrease of 7,271 from September, a result of an increase of 34,532 employed residents, and a decrease of 41,803 unemployed people.