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Unemployment rate at 10 percent

Indiana saw its largest monthly employment increase since September 2005 in March, according to the Indiana Employment Report.
The state added 16,600 jobs in the month, although the seasonally-adjusted unemployment rate still increased a statistically insignificant 0.1 percent, to 9.9 percent.
Harrison County Economic Development Corp. Director Darrell Voelker said the winter months always make the unemployment numbers artificially high. Because of this, he said, the rate will get better and better each month even if the economy is not improving.
Indiana’s rate is the best in the region, followed by Kentucky (10.7 percent), Ohio (11 percent), Illinois (11.5 percent) and Michigan (14.1 percent).
The national unemployment rate is 9.9 percent, where it generally has been since last fall.
Locally, Harrison County’s non-seasonally adjusted unemployment rate is 10 percent, which ranks 68th highest in the state.
‘I think the biggest changes in unemployment in Harrison County are impacted by the Louisville business community,’ Voel-ker said. ‘I believe the production, distribution and warehousing industries will be slow until late this year. But, I see an increase in business relocation in-quiries, which is not proof, but a suggestion that things look better for business investment with employment following soon.’
Neighboring Floyd County’s rate is 8.8 percent (79th), Crawford County’s is at 13.2 percent (10th) and Washington County’s rate is 11.8 percent (39th).
The highest county continues to be Elkhart, at 15.2 percent, and the lowest is Daviess, at 6.1 percent.
A the end of the summer, the Chamber of Commerce of Harrison County and economic development will have a ‘Labor Day Economic Forecast.’
‘I predict that this message will be much more encouraging and the employment rates we will be looking at then will be July or August and will be more in line with the real unemployment rates.’
On April 16, the federal government approved legislation to continue the five federally funded unemployment extensions through June 2. The legislation also continues the $25 per week additional payment, but it does not provide any additional weeks of benefits.

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