Local labor markets move little from February to March

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Knox County saw its unemployment rate barely moved in the month of March, with moderate growth in the labor force.

Unfortunately, though that still means a drop in the labor force of about 1.4 percent year-over-year, and a 14 percent drop in people looking for work over the last decade.

A dip in unemployment next month could be forthcoming, after March to April has yielded a sharp decline in the last several years.

Warren County’s labor market remains much more stable.

Unemployment in March for Warren County was at 5.1 percent, the same as last month with virtually no change in the labor force.

The industries that saw the biggest payroll gains statewide in March were some that close to the local economy; durable goods manufacturing, accommodation and food services, as well as healthcare and social assistance.

The one economic region that showed an improved unemployment rate year-over-year was the northeast, which includes Chicago.

The West Central region, including Knox, is leaking more workers than other regions, over the trailing 12 months.

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