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Indiana Labor Market Review – May 2023

May 16, 2023

Specialized Staffing

March Data - May Reporting

Economic Growth Region 2

Statistical Data Report for March 2023, Released May 2023

State Unemployment and Unemployment

Unemployment rates were lower in March in 18 states, higher in the District of Columbia, and stable in 32 states, the U.S. Bureau of Labor Statistics reported. South Dakota had the lowest jobless rate in March, 1.9 percent. The next lowest rates were in Nebraska and North Dakota, 2.1 percent each. The rates in Alabama (2.3 percent), Arkansas (3.0 percent), Maryland (2.7 percent), Mississippi (3.5 percent), Montana (2.3 percent), West Virginia (3.4 percent), and Wisconsin (2.5 percent) set new series lows. (All state series begin in 1976.)

 

 

Eleven states and the District had jobless rate decreases from a year earlier, 10 states had increases, and 29 states had little change. The national unemployment rate, 3.5 percent, changed little both over the month and over the year.

 

 

Nonfarm payroll employment increased in 2 states and was essentially unchanged in 48 states and the District of Columbia in March 2023. Over the year, nonfarm payroll employment increased in 42 states and was essentially unchanged in 8 states and the District. The largest job increases occurred in Texas (+575,100), California (+432,100), and Florida (+413,000). The largest percentage increase occurred in Nevada (+5.0 percent), followed by Florida (+4.5 percent) and Texas (+4.3 percent).

Economic Growth Region (EGR) 2

Elkhart, Fulton, Kosciusko, Marshall and St. Joseph Counties

Source: Indiana Department of Workforce Development, Research & Analysis, Local Area Unemployment Statistics | Unemployment Statistics Released:04/23 | 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.

Unemployment Rates by State (Seasonally Adjusted):
March 2023

U.S. – 3.6%

Illinois – 4.4%

Indiana – 3.1%

Kentucky – 3.8%

Michigan – 4.1%

Ohio – 3.8%

Unemployment Rank by County (of 92 Counties):
March 2023

#18 – Fulton (4%)

#20 – St. Joseph (4%)

#30 – Elkhart (3.7%)

#35 – Marshall (3.6%)

*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

Source: Indiana Department of Workforce Development, Research and Analysis

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:

https://www.doleta.gov/programs/factsht/warn.htm

Source: Indiana Dept of Workforce Development, Research and Analysis, Current Employment Statistics

Unemployment Claims:
March 2023

REGION 2

Initial Claims

03/04/23 – 297(D)

03/11/23 – 363(D)

03/18/23 – 429

03/25/23 – 303

 

Continued Claims

03/04/23 – 2,975

03/11/23 – 2,419

03/18/23 – 2,136

03/25/23 – 2,067

 

Total Claims

03/04/23 – 3,272

03/11/23 – 2,782

03/18/23 – 2,565

03/25/23 – 2,370

STATE OF INDIANA

Initial Claims

03/04/23 – 3,572

03/11/23 – 4,272

03/18/23 – 3,838

03/25/23 – 1,279

 

Continued Claims

03/04/23 – 26,905

03/11/23 – 25,625

03/18/23 – 24,737

03/25/23 – 23,368

 

Total Claims

03/04/23 – 30,477

03/11/23 – 29,897

03/18/23 – 28,575

03/25/23 – 24,647

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.

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.

County Unemployment Rates
March 2023

Indiana Non-Seasonally Adjusted Rate: 2.4%
Indiana Seasonally Adjusted Rate: 3.1%
Source: DWD, Local Area Unemployment Statistics 

Questions?

Please contact the DWD Representative below:

Kathy Jaworski

Regional Labor Analyst

Research and Analysis

Indiana Department of Workforce Development

(219) 841-6347

kjaworski@dwd.in.gov

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

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