The Hoosier State grew 15,800 private sector jobs in November, the most in a one-month period in 15 years. Last month, the rate of private sector growth in Indiana was double that of the United States (0.6% versus 0.3%). Private sector gains spanned nearly every sector, with larger increases concentrated in Professional & Business Services, (+6,400) Trade, Transportation & Utilities, (+3,400) and Manufacturing, (+2,300). Indiana has experienced private sector job growth 17 of the past 23 months, with gains averaging 4,500 per month during that period. Since July 2009, the low point of employment in Indiana, the Hoosier State has added 264,800 private sector jobs, with the Manufacturing sector accounting for more than one-third of the total (+94,700).
Indiana’s seasonally adjusted unemployment rate held steady in November at 5.7 percent, due mainly to the addition of 12,300 individuals to the Hoosier labor force. Over the past year, Indiana’s labor force has increased by more than 75,000. November also marks the 11th consecutive month Indiana’s unemployment rate has been below the national average.
Looking at Marshall County you see a rate of 5.7 unemployment rate for November ranking us 38th in the state. The rate in Marshall County for October was 5.1 a slight increase in the number of unemployed from September when it was 4.9. The August rate was 5.2 and also in July while in June it was 5.7 and 5.6 in May.
The counties surrounding Marshall have varying rates with LaPorte number 4 on the list with a rate of 7.5 and Starke County 11th in the state with a rate of 6.9. Saint Joe County is 27th on the list with a rate of 6.3 and Fulton County is shortly behind at 32nd with a rate of 5.9. Elkhart County sits at 57th in the state with a rate of 5.3 ad Kosciusko County is 85th with a rate of 4.8.
“Indiana’s private sector job growth in November, when taken in historical context is quite remarkable,” said Steven J. Braun, Commissioner of the Indiana Department of Workforce Development. “Equally impressive is the fact that the Hoosier State has added more than 75,000 individuals to our labor force over the past year alone.”
Braun also noted 63.6 percent of Hoosiers are participating in the labor force, which is nearly a full percentage point higher than the national average. November marked the eighth month in a row Indiana has exceeded the national rate.
Sectors showing gains in November include: Professional and Business Services (6,400), Trade, Transportation & Utilities(3,400), Manufacturing(2,300), Financial Activities(1,900), Private Educational & Health Services (1,800),and Construction (1,500). The Leisure and Hospitality (-1,500) sector was the only to experience declines in November. Total nonfarmemployment increased in November (15,100).
