Region 2 Labor Market Information for April 2016 Paints Picture of Continued Strength in Northern Indiana's Regional Economy; Labor Force Data Climbs
mployment during April 2016 in the five counties comprising Northern Indiana exceeded 300,000 workers, surpass- ing an inspirational watershed mark for the first time in several years.
For instance, a Labor Market Information (LMI) report for July 2015 showed Region 2 agonizingly close to reaching such a robust level, yet employment came in just short at 298,360 Hoosiers that month throughout Elkhart, Fulton, Kosciusko, Marshall and Saint Joseph counties.
In an energizing sign of Region 2 economic strength, the overall labor force featuring working residents combined with those actively job-seeking rose, thereby maintaining a region-wide jobless rate of 4.4% during each time frame. In north-central Indiana, the 4.4% jobless rate in April 2016 was improved nicely from 4.9% in March 2016 yet a smidgen weaker than 12 months earlier, when Region 2's rate was 4.1% in April 2015.
|APRIL 2016 LABOR FORCE ESTIMATES (not Seasonally Adjusted)|
|158.5 million||151.1 million||7.4 million||4.7%||5.1%||5.1%|
|3.3 million||3.2 million||161,388||4.8%||5.5%||4.5%|
|Elkhart — Goshen MSA**||104,740||100,632||4,108||3.9%||4.3%||3.4%|
|South Bend — Mishawaka MSA**||158,752||151,329||7,423||4.7%||5.3%||4.7%|
|St. Joseph Co.||134,241||127,753||6,488||4.8%||5.5%||4.7%|
|NOTES: *EGR = Ind. Economic Growth Region. **MSA = Metropolitan Statistical Area. The data displayed here 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.
SOURCE: Indiana Dept. of Workforce Development, Research and Analysis. Released 05/23/16.
In analyzing data, experts consider an optimum benchmark to gauge economic conditions, especial- ly jobless rate, to be 12 months prior.
Region 2 recorded the following rank- ings in April 2016 among all Indiana's 92 counties, with the highest unem- ployment rate state- wide ranked #-1 (Greene County, southwest Ind., with 7.3%) compared to the lowest jobless rate at #-92 (Hamil-ton County, central Ind., with 3.4%). Northern Indiana, Region 2:
● #-25, Fulton County, 5.3%;
● #-46, St. Joseph County, 4.8%;
● #-67, Marshall County, 4.2%;
● #-72, Kosciusko County, 4.1%; and
● #-82, Elkhart County, 3.9 percent. In addition, the cur- rent jobless rates for Region 2 areas in light of their 12-month benchmarks showed slightly weakened data. Thus, LMI for Northern Indiana showed: ● Elkhart County, 3.9% unemployment in April 2016 versus 3.4% in April '15; ● Fulton County, 5.3%, April '16 compared to 4.3%, April '15; ● Kosciusko County, 4.1%, April 2016, versus 3.6% in benchmark month; ● Marshall County, 4.2%, fourth month of 2016, in light of 3.8%, April '15; and ● St. Joseph County, 4.8% in April 2016 compared to 4.7% 12 months earlier. For additional information on LMI for Region 2 from April 2016, go to GRAPHICS.
RELATED ARTICLE HIGHLIGHTED BY INDIANA DEPARTMENT OF WORKFORCE DEVELOPMENT
In a related article, Indiana Department of Workforce Development's Research and Analysis Office posted findings from "Women More Likely than Men To Have Earned a Bachelor's Degree by age 29."
By the Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily blog.
April 13, 2016
hirty-four percent of women born in the years 1980–84 had earned a bachelor's degree by age 29, compared with 26 percent of men. Among women and men born in 1980–84, 38 percent had attended some college or earned an associate degree by age 29. Twenty-four percent had earned a high school diploma or General Education Development (GED) credential.
Within each racial and ethnic group examined, women were more likely than men to have earned a bachelor's degree. Thirty-nine percent of non-Hispanic White women had earned a bachelor’s degree by age 29, compared with 31 percent of non-Hispanic White men. Twenty-one percent of non-Hispanic Black women had earned a bachelor’s degree by age 29, compared with 12 percent of non-Hispanic Black men. Among Hispanics or Latinos, women also were also more likely than men to have earned a bachelor’s degree by age 29 (20 percent versus 14 percent).
Among men at age 29, Hispanics and non-Hispanic Blacks were nearly twice as likely as non-Hispanic Whites to have dropped out of high school. Women in each of the racial and ethnic groups were less likely than men to have dropped out of high school.
About 36 percent of non-Hispanic Black men at age 29 were high school graduates who had not attended college. That compares with 31 percent of Hispanic or Latino men and 27 percent of non-Hispanic White men. About one in five Black, Hispanic, and White men had earned a regular high school diploma; Black men were more likely than Hispanic or White men to have earned a GED.
Among 29-year-old women, 26 percent of Hispanics or Latinos were high school graduates who had not attended college. That compares with 22 percent of non-Hispanic Black women and 20 percent of non-Hispanic White women. Women in all three groups were about equally likely to have earned a GED.
These data are from the National Longitudinal Surveys program. For more information, see "Labor Market Activity, Education, and Partner Status among America's Young Adults at 29: Results from a Longitudinal Survey."