Wabash Valley unemployment still on the high side

Apr 26, 2018, 00:38
Wabash Valley unemployment still on the high side

IN is tied with Minnesota for the second-lowest unemployment rate in the Midwest, followed by OH at 4.4 percent. That's the lowest Wyoming jobless rate in three years.

Sublette County saw it's jobless rate fall from 5.8 percent to 4.1 percent between March 2017 and last month.

That's faster than both the state (2.2 percent) and the nation (1.5 percent).

"Employment is growing at a rate of about 2.9 percent, which is good", said Paul Turek, statewide economist with the Employment Security Department.

The U.S. unemployment rate for March was 4.1 percent, unchanged from February and down from 4.5 percent in March 2017.

The Indiana Department of Workforce Development reports transportation, trade, utilities and construction sectors added a combined 3,700 jobs in March, but financial, hospitality and leisure sectors shed 500 jobs in March.

"The growth in private sector jobs has been accelerating and the number of initial claims for unemployment insurance in the region has declined by almost 14 percent", Patel added.

The unemployment rate in Allen County decreased from 4.6 percent in February to 4.2 percent in March. That shortage, coupled with a rising number of baby boomer retirees, may have left employers scrambling to find workers, she said.

Total non-farm employment in the county increased by 3,300 jobs, according to the state, leaving the total non-farm workforce at 1,533,100.

The jobless rate dropped to 6.6 percent in March from 6.8 percent in the previous month.

Five out of the nine counties in this region were among the 10 best unemployment rates in the state, led by Mercer County (first, 2.4 percent), Auglaize County (second, 3.5 percent), Hancock County (fifth, 3 percent), Van Wert County (eighth, 3.1 percent) and Putnam County (ninth, 3.1 percent).

"Clay County, for a little bit, was on the high end, and now it's down to 5.4 percent", Willoughby said.

Seneca County's jobless rate decreased in March from February and is lower than the rate for March of past year. "I know that's higher than the state average, but considering where it was, it has come down drastically".

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