Indiana’s unemployment rate stands at 3.9 percent for March and remains lower than the national rate of 4.5 percent. The unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people as a percentage of the labor force. Indiana’s Labor Force increased by 6,093 over the previous month with a 12,322 increase in employment and a 6,229 decrease in unemployment. Indiana’s total labor force stands at more than 3.32 million, and the state’s 64.5 percent labor force participation rate remains above the national rate of 63.0 percent.
Marshall County’s unemployment rate for February was 4.1 and the March rate is 3.2 a substantial reduction. This month Marshall County is 77th out of the 92 counties in Indiana.
Taking a look at the counties that surround Marshall you see LaPorte who was steady with an unemployment rate of 6.6 in January and February. In March they also saw major changes with a rate of 5.1 ranking them 7th of the 92 counties. Starke County’s unemployment rate dropped to 5.0 in March. This represents a drop of almost one and a half percent from their January and February rate.
Fulton County sits at 40th on the list with a rate of 3.9 while St. Joseph County’s rate of 3.9 ranks them 43rd of the 92 counties. Kosciusko County continues to see low unemployment numbers. In January their rate was 3.8 and their February rate was 3.6. Their March rate is 3.0 and they are ranked 87th in the list of counties.
Elkhart County continues to have the lowest unemployment rate in the area. Their March rate was 2.8 and they are 91st on the list of 92 counties.
“Indiana’s unemployment rate continues to drop, and the 3.9 percent rate for March is the lowest it’s been since 2001,” said Steven J. Braun, Commissioner of the Indiana Department of Workforce Development (DWD). “While this is a positive economic indicator, there are thousands of good-paying jobs currently available in Indiana that require in-demand skills. Fortunately, our local WorkOne Career Centers can help unemployed and underemployed Hoosiers with training programs, interview coaching, veteran services and more.”
Commissioner Braun also noted private sector employment has grown by more than 39,300 over the year. He added that weekly unemployment insurance claims remain at the lowest point in three decades.