Tuesday, October 17th, 2017

County unemployment rates drops

Posted: Thursday, April 21, 2011

Submitted by Mark Wickersham, Executive Director HCED

According to data released Tuesday by the Indiana Department of Workforce Development, the Huntington County Unemployment Rate for March of 2011 (covering the period from February 11 – March 10, 2011) stood at 9.3%, having improved slightly from 9.9% in February and 11.4% in January of 2011.

The County’s unemployment rate peaked in June of 2009 at 14.3% with 2,977 workers reported as unemployed at that time.  The March 2011 report at 9.3% indicates 1,745 workers were unemployed.

124 Huntington County residents found new employment opportunities during the March reporting period while 111 fewer Huntington County residents were unemployed compared to the previous month as reported by the State.  The overall data for 2011 indicates that 452 fewer Huntington County residents are unemployed compared to the January 2011 reporting period.

Our rate is beginning to track more closely to the State-wide average which is now at 8.8% when historically we have been nearly 2% higher than the State-wide average.

The Indiana Department of Workforce Development report contains the following disclaimer - “These estimates are prepared in cooperation with the U.S. Bureau of Labor Statistics (BLS) and have been adjusted to the current population survey (CPS) for use in allocating federal funds.  Because of irregular fluctuations in month to month changes, the reader should use caution when viewing these estimates as indicators of economic change.”

An additional disclosure we’ve previously discussed is that the statistics are based on the “County of Residence” of the worker not the “County of Employment” meaning that if a resident of Huntington County is displaced from an employer located in Allen County, the unemployment rate for Huntington County increases.  The result is that the Huntington County statistics are not specifically and exclusively a measure of the strength of employers located in Huntington County.  Several local industries including Huntington Sheet Metal, Gerdau MacSteel Heat Treat and UT Electronic Controls have recently made new hires and have openings for “skilled” positions.  Also, construction at the Helena Chemical site is underway and the Company has posted job openings online at http://www.agcareers.com.