Economic Growth Region 2
Statistical Data Report for January 2024, Released March 2024
State Unemployment and Unemployment
Unemployment rates were higher in January in 4 states, lower in 2 states, and stable in 44 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported. Twenty-five states had jobless rate increases from a year earlier, 6 states had decreases, and 19 states and the District had little change. The national unemployment rate remained at 3.7 percent in January 2024 and was little changed from January 2023. Nonfarm payroll employment increased in 8 states and was essentially unchanged in 42 states and the District of Columbia in January 2024. The largest job gains occurred in New York (+59,300), California (+58,100), and Florida (+38,800). The largest percentage increases occurred in New York and Vermont (+0.6 percent each), followed by Massachusetts and New Jersey (+0.5 percent each). Over the year, nonfarm payroll employment increased in 27 states and was essentially unchanged in 23 states and the District of Columbia. The largest job gains occurred in Texas (+263,900), Florida (+259,600), and California (+225,400). The largest percentage increase occurred in Nevada (+3.8 percent), followed by Alaska and South Carolina (+3.0 percent each).
Source: Indiana Department of Workforce Development, Research & Analysis, Local Area Unemployment Statistics | Unemployment Statistics Released:02/24 | Notes: The data displayed are presented as estimates only. The most recent month’s data are always preliminary and are revised when the next month’s data are released.
*Midwest region = Midwest Urban Average. Midwest Region includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin | Source: U.S. Bureau of Labor Statistics
Economic Growth Region (EGR) 2
Elkhart, Fulton, Kosciusko,
Marshall, and St. Joseph Counties
Unemployment Rates by State
(seasonally adjusted):
January 2024
U.S. – 3.7%
Illinois – 4.7%
Indiana – 3.5%
Kentucky – 4.3%
Michigan – 4%
Ohio – 3.7%
Source: U.S. Department of Labor, Bureau of Labor Statistics
Unemployment Rank by County
(of 92 Counties): January 2024
#9 – Fulton (4.6%)
#23 – St. Joseph (4.3%)
#29 – Elkhart (4.1%)
#40 – Kosciusko (3.9%)
#41 – Marshall (3.9%)
Source: Indiana Department of Workforce Development, Research and Development, Local Area Unemployment Statistics
Unemployment Claims: January 2024
REGION 2
Initial Claims
01/06/24 – 391(D)
01/13/24 – 390(D)
01/20/24 – 353(D)
01/27/24 – 271(D)
Continued Claims
01/06/24 – 2,687
01/13/24 – 2,711
01/20/24 – 2,699
01/27/24 – 2,611
Total Claims
01/06/24 – 3,078
01/13/24 – 3,101
01/20/24 – 3,052
01/27/24 – 2,882
STATE OF INDIANA
Initial Claims
01/06/24 – 4,925
01/13/24 – 5,237
01/20/24 – 3,996
01/27/24 – 4,078
Continued Claims
01/06/24 – 29,271
01/13/24 – 27,005
01/20/24 – 28,011
01/27/24 – 28,447
Total Claims
01/06/24 – 34,196
01/06/24 – 34,196
01/20/24 – 32,007
01/27/24 – 32,525
Notes: (D) Indicates one or more counties are excluded due to non-disclosure issues | Numbers subject to weekly revision |Source: Indiana Department of Workforce Development, Research and Analysis
There are no WARN Notices for JANUARY 2024 for Region 2.
Source: Indiana Department of Workforce Development, WARN Notices | For information on WARN Act requirements, you may go to the U.S. Department of Labor Employment Training Administration Fact Sheet:
Source: Indiana Department of Workforce Development, Research and Analysis
Elkhart-Goshen MSA Trends
Source: Indiana Dept of Workforce Development, Research and Analysis, Current Employment Statistics
Source: Indiana Department of Workforce Development, Research & Analysis, Current Employment Statistics | Note: Historical data for the most recent 4 years (both seasonally adjusted and not seasonally adjusted) are revised near the beginning of each calendar year, prior to the release of January estimates for statewide data.
South Bend-Mishawaka MSA Trends
Source: Indiana Dept of Workforce Development, Research and Analysis, Current Employment Statistics
Source: Indiana Department of Workforce Development, Research & Analysis, Current Employment Statistics | Note: Historical data for the most recent 4 years (both seasonally adjusted and not seasonally adjusted) are revised near the beginning of each calendar year, prior to the release of January estimates for statewide data.
Statewide Occupation Trends
Source: Indiana Workforce Development, Indiana Career Connect
Source: Indiana Workforce Development, Indiana Career Connect
Total separations rate at 3.4 percent in January 2024
The job openings rate was 5.3 percent in January 2024, while the hires rate was 3.6 percent. Both figures were essentially unchanged from the previous month, but were below the January 2023 rates of 6.3 percent for job openings and 4.1 percent for hires. The total separations rate was 3.4 percent for the third consecutive month in January 2024.
Total nonfarm job openings, hires, and total separations rates, January 2014 – January 2024.
Data are seasonally adjusted.
Shaded area represents a recession as determined by the National Bureau of Economic Research.
Source: U.S. Bureau of Labor Statistics.
Job openings rates ranged from 7.7 percent in health care and social assistance to 3.1 percent in wholesale trade in January 2024. Retail trade had a job openings rate of 3.3 percent. In addition to health care and social assistance, job openings rates were above 6.0 percent in professional and business services (6.6 percent), information (6.5 percent), leisure and hospitality and other services (6.1 percent each). Government was among the industries with the lowest hires rates and the lowest total separations rates, at 1.6 percent and 1.4 percent, respectively. Leisure and hospitality was among those with the highest rates, at 6.2 percent and 5.9 percent, respectively. Hires rates and total separations rates were also above 4.0 percent in professional and business services (4.8 percent hires rate, 4.7 percent total separations rate) and construction (4.7 percent hires rate, 4.6 percent total separations rate).
These data are from the Job Openings and Labor Turnover Survey and are seasonally adjusted. Data for the most recent month are preliminary.Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Total separations rate at 3.4 percent in January 2024 at https://www.bls.gov/opub/ted/2024/total-separations-rate- at-3-4-percent-in-january-2024.htm (visited March 11, 2024).
County Unemployment Rates
December 2024
Questions?
Please contact the DWD Representative below:
Kathy Jaworski
Regional Labor Analyst
Research and Analysis
Disclaimer
All information reported was provided by the Indiana Department of Workforce Development. The Indiana Labor Market Review is published monthly and can be obtained by contacting your DWD Representative