February 2008 Indiana Employment Report
INDIANAPOLIS (March 28, 2008) - Indiana's unemployment rate was relatively unchanged in
February, increasing one tenth of one percentage point to 4.6 percent, and remains the lowest in the six-
state Midwest region and below the national rate, according to the monthly employment report released
today by the Indiana Department of Workforce Development. The state's 4.6 percent rate is two-tenths
of a percentage point below the national 4.8 percent rate.
Employment Report Highlights (Local Area Unemployment Statistics - LAUS)
Seasonally Adjusted. According to the monthly LAUS survey, the number of people estimated to be employed in Indiana decreased slightly, 0.1 percent, from 3,079,213 in January to 3,077,045 in February. The number estimated to be unemployed increased to 148,078, up from 144,182 in January. One year ago, the number of unemployed stood at 155,289 and the state's unemployment rate was 4.8 percent.
The February rates reported for the six-state Midwest region were Illinois at 5.5 percent, Kentucky at 5.2 percent, Michigan at 7.2 percent, Ohio at 5.3 percent and Wisconsin at 4.9 percent.
Non-Seasonally Adjusted. On a non-seasonally adjusted basis, Indiana's unemployment rate increased from 5.1 percent in January to 5.2 percent in February. Nationally, the rate decreased from 5.4 in January to 5.2 percent. Other Midwestern states' non-seasonally adjusted rates for February were Illinois at 6.0 percent, Kentucky at 6.2 percent, Michigan at 7.8 percent, Ohio at 6.0 percent and Wisconsin at 5.8 percent.
Jobs Report Highlights (Current Employment Statistics - CES)
February total non-farm employment in the state decreased 9,600 from January, but is up 11,300 from one year ago, and up 43,000 from January 2005, according to the monthly payroll survey. Total employment was estimated to be 2,985,200. The construction industry accounted for approximately 4,500 of the decline in jobs, as inclement weather throughout the month slowed construction activity.
The top three Metropolitan Statistical Areas (MSA) with the greatest rate of growth in jobs over the year are Indianapolis-Carmel, up 1.7 percent, Michigan City, up 1.5 percent and Bloomington, up 1.3 percent.
The Department recommends looking at these employment trends and data on a long-term basis.
Data Links. Here are links to the data that comprise the monthly employment report:
Employment Report (LAUS)
Jobs Report (CES)
· Detail Employment Listing - Statewide & MSAs
Indiana, National Unemployment Rates - February 2008
|
Seasonally Adjusted
|
Feb. 2008 |
Jan. 2008 |
Feb. 2007 |
|
Indiana |
|
|
|
|
Labor Force |
3,225,123 |
3,223,395 |
3,223,478 |
|
Employed |
3,077,045 |
3,079,213 |
3,068,189 |
|
Unemployed |
148,078 |
144,182 |
155,289 |
|
Rate |
4.6 |
4.5 |
4.8 |
|
U.S. Rate |
4.8 |
4.9 |
4.5 |
|
Not Seasonally Adjusted
|
Feb. 2008 |
Jan. 2008 |
Feb. 2007 |
|
Indiana |
|
|
|
|
Labor Force |
3,190,190 |
3,191,526 |
3,195,908 |
|
Employed |
3,022,923 |
3,029,716 |
3,026,478 |
|
Unemployed |
167,267 |
161,810 |
169,430 |
|
Rate |
5.2 |
5.1 |
5.3 |
|
U.S. Rate |
5.2 |
5.4 |
4.9 |
Non-Seasonally Adjusted Employment, by MSA
|
|
|
|
|
Month |
|
Year |
|
|
MSA |
Feb-08 |
Jan-08 |
Feb-07 |
Change |
% Chg |
Change |
% Chg |
|
Anderson |
40,000 |
39,900 |
40,900 |
100 |
0.30% |
-900 |
-2.20% |
|
Bloomington |
84,000 |
82,700 |
82,900 |
1,300 |
1.60% |
1,100 |
1.30% |
|
Columbus |
44,500 |
44,500 |
44,100 |
0 |
0.00% |
400 |
0.90% |
|
Elkhart-Goshen |
126,500 |
127,200 |
127,000 |
-700 |
-0.60% |
-500 |
-0.40% |
|
Evansville |
177,000 |
177,500 |
175,600 |
-500 |
-0.30% |
1,400 |
0.80% |
|
Fort Wayne |
213,900 |
213,800 |
215,000 |
100 |
0.00% |
-1,100 |
-0.50% |
|
Gary |
278,000 |
277,100 |
276,500 |
900 |
0.30% |
1,500 |
0.50% |
|
Indianapolis-Carmel |
905,100 |
904,000 |
890,300 |
1,100 |
0.10% |
14,800 |
1.70% |
|
Kokomo |
45,300 |
45,300 |
45,900 |
0 |
0.00% |
-600 |
-1.30% |
|
Lafayette |
94,400 |
94,700 |
94,300 |
-300 |
-0.30% |
100 |
0.10% |
|
Michigan City |
46,400 |
46,500 |
45,700 |
-100 |
-0.20% |
700 |
1.50% |
|
Muncie |
53,300 |
53,000 |
53,400 |
300 |
0.60% |
-100 |
-0.20% |
|
South Bend |
143,400 |
143,100 |
141,900 |
300 |
0.20% |
1,500 |
1.10% |
|
Terre Haute |
73,000 |
72,400 |
73,200 |
600 |
0.80% |
-200 |
-0.30% |
Note: the data for the Anderson, Columbus, Kokomo, and Michigan City MSA's are unofficial/non-BLS area estimates. BLS funding for these areas was suspended for 2008 but Indiana will continue to estimate.
Indiana Seasonally Adjusted Non-Farm Jobs - by Major Industry
|
INDUSTRY TITLE |
Feb 2008 |
Jan 2008 |
Feb 2007 |
Over the month change |
Over the year change |
|
Total Nonfarm |
2985.2 |
2994.8 |
2973.9 |
-9.6 |
11.3 |
|
Total Private |
2548.9 |
2558.4 |
2545.2 |
-9.5 |
3.7 |
|
Goods Producing |
695.3 |
701.8 |
707.9 |
-6.5 |
-12.6 |
|
Service-Providing |
2289.9 |
2293.0 |
2266.0 |
-3.1 |
23.9 |
|
Natural Res. & Mining |
7.0 |
6.9 |
7.0 |
0.1 |
0.0 |
|
Construction |
144.6 |
149.1 |
147.0 |
-4.5 |
-2.4 |
|
Manufacturing |
543.7 |
545.8 |
553.9 |
-2.1 |
-10.2 |
|
Trade, Transp, & Utilities |
585.0 |
586.4 |
586.1 |
-1.4 |
-1.1 |
|
Information |
40.8 |
40.7 |
39.9 |
0.1 |
0.9 |
|
Financial Activities |
138.2 |
138.3 |
139.3 |
-0.1 |
-1.1 |
|
Profess. & Business Svcs. |
288.4 |
289.7 |
286.4 |
-1.3 |
2.0 |
|
Educ. & Health Services |
404.8 |
405.4 |
389.9 |
-0.6 |
14.9 |
|
Leisure & Hospitality |
283.8 |
283.5 |
284.3 |
0.3 |
-0.5 |
|
Other Services |
112.6 |
112.6 |
111.4 |
0.0 |
1.2 |
|
Government |
436.3 |
436.4 |
428.7 |
-0.1 |
7.6 |
Midwest States Unemployment Rate Trend, Seasonally Adjusted
|
|
Feb '07 |
Jan '08 |
Feb '08 |
|
U.S. |
4.5 |
4.9 |
4.8 |
|
Indiana |
4.8 |
4.5 |
4.6 |
|
Illinois |
4.8 |
5.6 |
5.5 |
|
Kentucky |
5.7 |
5.2 |
5.2 |
|
Michigan |
7.0 |
7.1 |
7.2 |
|
Ohio |
5.5 |
5.5 |
5.3 |
|
Wisconsin |
5.0 |
4.9 |
4.9 |
The Indiana Department of Workforce Development is charged with continually improving the Hoosier workforce by assisting companies to create new jobs and improve employee skills. The agency offers a variety of training and educational grants, partners with Indiana's 35 WorkOne Centers and 50 WorkOne Express Centers, administers the unemployment insurance system, provides labor market information, assists employers with preparing workers for layoffs and closures and operates a statewide job placement service.
-30-
Note to News Media: The Department of Workforce Development's Labor Market Information Web
site, Hoosiers by the Numbers, now reflects the annual DOL Benchmarked revisions to both the Current
Employment Statistics (CES) and Local Area Unemployment Statistics (LAUS). These revisions were
recently completed for each state, and typically result in minor adjustments to the numbers released
during 2007. The Hoosiers by the Numbers web site can be accessed here:
http://www.hoosierdata.in.gov/.
Technical notes for the news media
For additional information on this data, go to the Department's Labor Market Information web site, (http://www.hoosierdata.in.gov/).
This report contains information from two surveys conducted in cooperation with the federal government about changes in the U.S. labor force. Jobs statistics measure the number of positions (jobs) in U.S. businesses created or lost over a specified period of time, and come from government surveys of payroll records. For this reason, these statistics do not capture information about changes in the number of self-employed persons, business owners, and farm workers. Employment statistics come from surveys of U.S. households, and distinguish whether individuals in those households are working (employed) or not working (unemployed). These statistics include the self-employed, business owners, and farm workers. (Note: Individuals are counted as being employed only once, even if they hold more than one job.) The unemployment rate is calculated from these statistics.
In calculating unemployment rates, two different types of numbers are provided. The first, known as the non-seasonally adjusted rate, estimates employment and unemployment without taking into account the effects of seasonal trends. In calculating the seasonally adjusted rate, or employment that follows more or less a regular pattern each year, holiday, summer and other types of seasonal employment is factored out of the estimate. These adjustments make it easier to observe the cyclical and other non-seasonal movements.
The state's unemployment rate is compiled in conjunction with the U.S. Bureau of Labor Statistics and is derived primarily from a national survey of about 60,000 households. Of that number, approximately 1,000 Indiana households are polled each month. It is conducted during the week of the 12th day of the month. The labor force is calculated as the number of people 16 years and older who were either employed or were able and available to work.
The Department of Workforce Development believes that employment statistics are the best measure of the status of a state, regional, or local labor force, because it measures people working rather than positions created, and because it includes the self-employed (including business owners) and farm workers.
The next monthly employment report, for March 2008, is scheduled for release on April 18, 2008.
Link to this event: http://www.in.gov/newsroom.htm?detailContent=10903_17213.htm