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July-August 2003
Vol. 4, No. 4
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May's Unemployment Snapshot
Amber Dodez,
Data Manager, Indiana Business Research Center,
Kelley School of Business, Indiana University
- Indiana's unemployment rate for May was 4.8 percent, with 151,850
people unemployed.
- Indiana's unemployment rate is well below the nation’s (5.8).
- Since February 2003, Indiana's unemployment rate has fallen by 0.7,
with an increasing number of Indiana counties experiencing unemployment
rates lower than the state average.
- Orange County, in south central Indiana, continues to experience
the highest unemployment rate (9.5), with 800 residents looking for
work, and Hamilton County the lowest (2.4). This has been the case since
November 2002.
- In terms of sheer numbers, Marion county has the largest number of
people seeking work (24,030).
- Elkhart and Marshall counties have both improved their employment
situation since April. Marshall had the largest percent drop in unemployed
(32.4) and Elkhart had the largest absolute decline in the number of
unemployed (1,410).
- Commerce Region 2 in north central Indiana, which includes Elkhart
and Marshall counties, had the largest absolute decline in the number
of residents seeking work (3,425) since April.
- Commerce Region 4 has the highest unemployment rate (6.2) and Commerce
Region 11 has the lowest (3.6).
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Mid-Year Outlook for the Economy
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