Indiana’s unemployment rate stands at 4.2 percent for January, and the national rate is 6.3 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.
Indiana’s labor force had a net increase of 3,803 over the previous month. This was a result of a decrease of 12,700 unemployed residents and an increase of 16,503 employed residents.
The unemployment rate in Marshall County for January was 3.8 which is up from 3.4 in December. We are ranked 56th of the 92 counties. In November the county was 45th on the list of counties. Taking a look back a couple years you see the Marshall County’s unemployment rate was 4.2 in 2019; 3.3 in 2018 and 4.2 in 2017.
Looking at the counties surrounding Marshall you will find LaPorte at number 2 with an unemployment rate of 6.8. Starke County isn’t too far behind with a rate of 5.8 placing them 7th on the list of counties. St. Joseph County is 8th on the list with a rate of 5.6. Fulton county is 22nd with a rate of 4.8 while Pulaski is 50th with a rate of 3.9. Rounding out the counties is Elkhart with a rate of 3.5 ranking them 74th and Kosciusko County is 69th with a rate of 3.6.
Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.35 million, and the state’s 63.3 percent labor force participation rate remains above the national rate of 61.4 percent.
Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.
Private sector employment has decreased by 111,400 over the year and increased by 3,300 over the previous month. The monthly increase is primarily due to gains in the Leisure and Hospitality (1,600) and the Manufacturing (1,400) sectors. Gains were offset by losses in the Professional and Business Services (-500) and the Financial Activities (-100) sectors. Total private employment stands at 2,626,400, which is 114,100 below the new December 2019 peak.
