Pulaski County unemployment rate remains at 3.5%
Monday, 27 November 2017 17:01

Pulaski County's unemployment rate remained at 3.5 percent in October, the same rate as September, the Indiana Department of Workforce Development reported Monday (Nov. 20). The rate was 3.9 percent a year ago.

The county has 5,822 employed persons in a labor force of 6,034. Last month those numbers were 5,883 of 6,094. A year ago the numbers were 5,973 of 6,213.

The state's October unemployment rose to 3.9 percent (seasonally adjusted), compared to 3.8 the previous month. The October 2016 rate was 4.2 percent. Indiana has 3,192,464 employed persons in a labor force of 3,305,053 people. The U.S. unemployment rate dipped to 4.1 percent in October (seasonally adjusted), down from 4.2 percent in September. A year ago, the national rate was 4.8 percent. The U.S. has 154.2 million employed persons in a labor force of 160.5 million.

The unemployment rates for surrounding counties in October (all lower than the previous month; except one the same) were Jasper 4.0 percent, Starke 4.1, Marshall 2.9, Fulton 3.2, Cass 3.6, and White 3.2.

Vermillion (5.1 percent), Fayette and Lake (both 5.0) were the counties with the state's highest unemployment rates in October. Pulaski County was in an eight-way tie for 44th place of the 92 counties. Adams, Elkhart and LaGrange counties (all 2.4 percent) had the state's lowest unemployment rate.

 

EDITOR'S NOTE:  Per the U.S. Bureau of Labor Statistics, sub-state level data are not seasonally adjusted due to sample size. For example, over the course of a year, the size of the labor force, employment and unemployment levels, and other measures of labor market undergo fluctuations due to seasonal events including changes in weather, harvests, major holidays, and school schedules. Therefore, for more accurate comparisons, data should be compared to the same month from prior years, not the previous month, as to better account for non-economic factors.

 

 

October 2017 Indiana Employment Report

INDIANAPOLIS -  Indiana’s unemployment rate stands at 3.9 percent for October and remains lower than the national rate of 4.1 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 four full 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. Indiana’s labor force had a net decrease of 11,694 over the previous month, which was a result of 2,351 unemployed residents seeking employment and a 14,045 decrease in residents employed. Indiana's total labor force stands at 3.33 million, and the state’s 64.2 percent labor force participation rate remains above the national rate of 62.7 percent.

In addition, Indiana's initial and ongoing unemployment insurance claims are at historical lows.

 

Employment by Sector

Private sector employment has grown by more than 22,600 over the year, and has increased by 2,500 over the previous month, primarily due to gains in the Financial Activities (3,400) and the Trade, Transportation and Utilities (2,100)sectors. 

Gains were partially offset by losses in the Professional and Business Services (-3,000) and the Construction (-2,400) sectors. Total private employment stands at 2,691,600 and is 14,700 above the November 2016 peak.