The tepid job growth, along with rising pressures on the economy, makes it more likely that the Federal Reserve will cut rates in the coming months.
Friday's jobs report from the Labor Department showed that solid economic growth is still encouraging strong hiring nearly a decade into the economy's recovery from the Great Recession.
Private sector employment in Indiana grew by 3,500 in October over the previous month and is up more than 25,500 over the year, the state said.
The last major economic data before Tuesday’s congressional elections also showed that the unemployment rate remained at a five-decade low of 3.7 percent.
Indiana’s labor force has grown by 67,519 over the past six months, the largest six-month increase since 1995.
Private sector employment in Indiana fell by 2,500 in June, but is up more than 16,600 over the year, the state said.
Private sector employment rose by 1,300 in May and is up more than 26,600 over the year, the state said.
For many Indianapolis residents, the problem isn't finding work. It's landing employment that pays enough to lift them from poverty and provides a financial cushion to absorb daily life's inevitable setbacks.
Unemployment statistics for the state released Friday by the Indiana Department of Workforce Development had a familiar look.
The overall unemployment rate is now the lowest since December 2000. The rate for African-Americans—6.6 percent—is the lowest on record since 1972.
Private sector employment grew by 3,000 over the month and is up 24,400 over the past year, the state said.
The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from minimum wage increases in 18 states also likely boosted pay last month.
Private sector employment grew by 6,000 over the month of December and is up 24,400 over the past year, the state said.
The state’s rate has risen from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent.
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.