Indiana’s unemployment rate stands at 3.3 percent for June and remains lower than the national rate of 4.0 percent. With the exception of one month when it was equal (October 2014), Indiana’s unemployment rate now has been below the U.S. rate for more than four years. 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.
Marshall County had a May unemployment rate of 3.0 ranking us 55th of the 92 counties and the June rate came in at 3.4 ranking the county 58th. In April the rate was 2.3 and the county was ranked 70th of the 92 counties. Look back over this year Marshall County had unemployment rates of 3.2 in March and 4.1 in February.
Taking a look at counties surrounding Marshall you will find Starke County still 11th on the list with a rate of 4.3 up from their May rate of 3.8. Their April rate was 3.3 and their March rate was 5.0.
Fulton County’s May unemployment rate was 3.0 ranking them 54th on the list of counties while their June rate increased to 3.5.
Pulaski County is now 59th on the list of counties with a June rate of 3.4, an increase from their May unemployment rate of 3.0.
St. Joseph County’s rate also saw an increase and is 3.8 for June, up from 3.3 in May.
Kosciusko County is 85th with a rate of 2.9 up from the 2.6 in June while Elkhart County remains near the bottom of the list of 92 counties with amazing unemployment rate of 2.7 an increase from the 2.4 ranking but still remaining 91st on the list of counties.
Indiana’s labor force had a net increase of 14,948 over the previous month. This was a result of a 3,785 increase in unemployed residents and an increase of 11,163 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.36 million, and the state’s 64.6 percent labor force participation rate remains above the national rate of 62.9 percent (through June 2018) and the BLS Midwest States’ average rate of 62.6 percent (through May 2018).
In addition, Indiana’s initial unemployment insurance claims continue to be at historical lows.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
