Indiana’s unemployment rate stands at 4.3 percent for December, and the national rate is 6.7 percent. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.
The unemployment rate in Marshall County is looking better. The December unemployment rate is 3.4 ranking us 53rd on the list of 92 counties. Last month we were 45th on the list with a rate of 4.2. Taking a look back of a couple years you see the Marshall County unemployment rate at 2.9 in 2019; 2.7 in 2018 and 3.4 in 2017.
Looking at the counties surrounding Marshall you will find LaPorte at number 2 with an unemployment rate of 5.9. Starke County isn’t too far behind with at rate of 5.1 placing them 6th on the list of counties. St. Joseph County is 8th on the list with a rate of 5.0. Fulton county is 28th with a rate of 3.9 while Pulaski is 47th with a rate of 3.5. Rounding out the counties is Elkhart with a rate of 3.4 ranking them 48 and Kosciusko County is 60th with a rate of 3.3.
Indiana’s labor force had a net increase of 83,609 over the previous month. This was a result of a decrease of 23,903 unemployed residents and an increase of 107,512 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.39 million, and the state’s 64.0 percent labor force participation rate remains above the national rate of 61.5 percent.
