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October 2010 Indiana Employment Report

11/26/10 Indiana added 7,600 private sector jobs in October. Total private sector employment has grown by 49,700 (2.1 percent) in 2010. U.S. private sector job growth stands at 1.0 percent. Indiana’s preliminary seasonally-adjusted unemployment rate dropped 0.2 percent to 9.9 percent in October 2010. The U.S. unemployment rate remained flat at 9.6 percent.

“Since the beginning of the year, we have seen strong growth in several key industries including professional and business services and manufacturing.” said Mark. W. Everson, Commissioner of the Department of Workforce Development. “Overall, private sector employment has increased twice as fast in Indiana as the nation.”

Sectors showing significant employment gains in October include: Professional and Business Services (4,500), Construction (1,900), Private Education and Health Services (1,700) and Trade, Transportation and Utilities (600). Sectors showing significant declines are Leisure and Hospitality (-1,000) and Government (-800). Total non-farm employment increased (6,800) in October.

Locally Marshall County is ranked 26th with 10.0 rate unemployment up from 35th with a rate of 9.8 in September.  Other Counties surrounding Marshall include Kosciusko at 58 with a rate of 8.6, Fulton County ranked 47th with a rate of 9.2, Saint Joseph 15th with a rate of 10.6, Starke County 7th with a rate of 11.0 and Elkhart County at the top of the list with a rate of 12.9.

Indiana and its neighbors, except Michigan, report statistically even unemployment rates.

October 2009 Sept.  2010 October 2010 Monthly Change
Indiana 9.9% 10.1% 9.9% -0.2%
U.S. 10.1% 9.6% 9.6% n/c
Illinois 10.9% 9.9% 9.8% -0.1%
Kentucky 10.7% 10.1% 10.0% -0.1%
Ohio 10.8% 10.0% 9.9% -0.1%
Michigan 14.4% 13.0% 12.8% -0.2%

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One Response to “ October 2010 Indiana Employment Report ”

  1. CommonCents on November 25, 2010 at 7:09 am

    Marshall County’s unemployment rate increased to 10%. This is very disturbing news. Government needs to create an environment attractive to prospective entreprenuers and existing businesses. Sadly, the cost of everything is going up. Taxes and insurance rates are going through the roof (again) and this is not good for people or businesses. Here’s and interesting thought, how about we cut taxes, rates and prices and see how that effects our community’s growth.