Indiana’s unemployment rate stands at 3.2 percent for May and remains lower than the national rate of 3.8 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 has a May unemployment rate of 3.0 ranking us 55th of the 92 counties. 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, 11th on the list with a 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. Their April rate was 3.1 making them 19th on the list.
Pulaski County is 56th on the May unemployment list with a rate of 3.0 while St. Joseph County is setting 39th with a rate of 3.3.
Kosciusko County is 82nd with a rate of 2.6 and Elkhart County remains near the bottom of the list of 92 counties with amazing unemployment rate of 2.4 ranking them 91st.
Indiana’s labor force had a net increase of 15,928 over the previous month. This was a result of a 2,659 increase in unemployed residents and an increase of 13,269 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 64.3 percent labor force participation rate remains above the national rate of 62.7 percent.
In addition, Indiana’s initial unemployment insurance claims continue to be at historical lows.
