July 20, 2012
 07/23/12 For the eighth consecutive month Indiana added private sector jobs, with June’s increase totaling 1,400. For 2012, the rate of job growth in the Hoosier state (1.5 percent) continues to far exceed the US average (0.9 percent). Since July 2009, the low point of employment, Indiana has added 140,400 private sector jobs and has significantly outpaced the national rate of growth during this period, (6.0 percent versus 3.3 percent).“Manufacturing continues to lead the charge in Hoosier job growth, adding 2,800 jobs in June and 15,100 for 2012,” said Scott B. Sanders, Commissioner of the Department of Workforce Development. “Of the 140,400 private sector jobs Indiana has added since July 2009, almost half (60,300) have come from this sector alone.”Looking at Marshall County one will see a slight increase in the unemployment rate. In May Marshall County had a rate of 8.0 ranking them 40th out of the 92 counties in the state. The June rate increased to 8.3 but their ranking improved to 45thin the state.The counties surrounding Marshall County have mixed results with all counties unemployment rates increasing but many dropping in their state ranking. Starke County’s unemployment rate increased from 9.6 to 9.8 although their placement on the rankings dropped from number 8 to number 13. Saint Joseph County’s unemployment rate increased from 8.9 to 9.3 although they too dropped in the state’s ranking from 21st in May to 25th in June. Fulton County moved up in the state’s ranking from 49th to 42nd with an increase to their unemployment rate from 7.9 to 8.4. Even Kosciusko County’s rate increased from 6.9 to 7.3 but they too dropped from 66th in the state to 69th.
While the Professional and Business Services (4,700) and Financial Activities (1,200) sectors also showed significant increases in June, Indiana’s unemployment rate crept up 0.1 percent to 8.0 percent. However, unemployment in the Hoosier state is still below the national rate of 8.2 percent and has remained so for 3 consecutive months. In June the unemployment rates of all of Indiana’s neighbors either increased or remained stagnant, with the exception of Ohio. This month marks the first increase in Indiana’s unemployment rate in nearly a year. |
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| Sectors showing significant gains in May include: Professional and Business Services (4,700), Manufacturing (2,800), and Financial Activities (1,200). The Government (-6,700), Private Education & Health Services (-4,100), and Leisure and Hospitality (-1,900) sectors showed significant declines. Total non-farm employment decreased in May (-5,300). | ||||||||||||||||||||||||||||||||||||
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