November 2018 Labor Market Review Reported by: Kent Sellers

Transcription

1 November 2018 Labor Market Review Reported by: Kent Sellers Regional Workforce Analyst Tel: Kent

2 Economic Growth Region 6 Statistical Data Report for November 2018, Released January 2019 State Employment and Unemployment Unemployment rates were lower in November in 6 states, higher in 2 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported. Eighteen states had jobless rate decreases from a year earlier and 32 states and the District had little or no change. The national unemployment rate remained unchanged from October at 3.7 percent but was 0.4 percentage point lower than in November Nonfarm payroll employment increased in 4 states in November 2018 and was essentially unchanged in 46 states and the District of Columbia. Over the year, 37 states added nonfarm payroll jobs and 13 states and the District were essentially unchanged. Hawaii and Iowa had the lowest unemployment rates in November, 2.4 percent each. The rates in Idaho (2.6 percent), Missouri (3.0 percent), and New York (3.9 percent) set new series lows. (All state series begin in 1976.) Alaska had the highest jobless rate, 6.3 percent. In total, 13 states had unemployment rates lower than the U.S. figure of 3.7 percent, 12 states and the District of Columbia had higher rates, and 25 states had rates that were not appreciably different from that of the nation. November 2018 Labor Force Estimates (not seasonally adjusted) Area Labor Force Employed Unemployed Nov-18 Oct-18 Nov-17 U.S. 162,665, ,015,000 5,650, % 3.5% 3.9% IN 3,392,369 3,268, , % 3.5% 3.2% EGR 6 157, ,240 6, % 3.9% 3.5% Muncie MSA 55,581 53,273 2, % 4.1% 3.9% Blackford Co. 5,337 5, % 4.1% 3.6% Delaware Co. 55,581 53,273 2, % 4.1% 3.9% Fayette Co. 9,217 8, % 5.0% 4.6% Henry Co. 22,475 21, % 3.5% 3.2% Jay Co. 9,581 9, % 3.6% 3.2% Randolph Co. 11,590 11, % 3.8% 3.5% Rush Co. 8,916 8, % 3.1% 2.7% Union Co. 3,672 3, % 3.3% 2.8% Wayne Co. 31,044 29,894 1, % 3.7% 3.3% Connersville 4,696 4, % 5.6% 5.4% Muncie 32,095 30,659 1, % 4.6% 4.3% New Castle 7,755 7, % 3.8% 3.3% Richmond 15,140 14, % 4.1% 3.8% Source: Indiana Department of Workforce Development, Research & Analysis, Local Area Unemployment Statistics Unemployment Statistics Released: 12/18 Notes: The data displayed 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. Economic Growth Region (EGR) 6 Blackford, Delaware, Fayette, Henry, Jay, Randolph, Rush, Union, and Wayne Counties Unemployment Rates by State (seasonally adjusted): November 2018 U.S % Illinois - 4.2% Indiana - 3.6% Kentucky - 4.5% Michigan - 3.9% Ohio - 4.6% Source: U.S. Department of Labor, Bureau of Labor Statistics Unemployment Rank by County (of 92 counties): November 2018 #5 - Fayette (4.9%) #14 - Blackford (4.3%) #16 - Delaware (4.2%) #27 - Randolph (3.9%) #28 - Henry (3.8%) #39 - Wayne (3.7%) #52 - Jay (3.5%) #65 - Union (3.2%) #73 - Rush (3.1%) Source: Indiana Department of Workforce Development, Research and Development, Local Area Unemployment Statistics Indiana Department of Workforce Development 2 Labor Market Review EGR 6

3 CPI Item Consumer Price Index (CPI-U Change), Unadjusted Percent Change All Items Food & Beverages Housing Apparel Transportation Medical Care Recreation Education & Communication Other Goods & Services Nov-17 Oct-18 Nov-17 Oct-18 November 2018 U.S. City Midwest Region* 2.2% -0.3% 1.4% -0.6% 1.4% 0.0% 0.6% -0.2% 2.9% 0.1% 2.7% -0.1% -0.4% -3.2% -0.7% -3.1% 2.9% -1.7% 0.8% -2.4% 2.0% 0.3% 1.6% 0.3% 0.6% 0.2% -1.4% -0.1% 0.2% -0.6% -0.1% -0.6% 2.1% 0.3% 2.4% 0.3% *Midwest region = Midwest Urban Average. Midwest Region includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin Source: U.S. Bureau of Labor Statistics Percentage of Unemployment Claims for Top 5 Region 6 Industries Manufacturing to November 2018 from Distribution as a Percent of Total 29.9% Unemployment Claims: November 2018 Region 6 Initial Claims 11/03/18-89(D) 11/10/18-109(D) 11/17/18-126(D) 11/24/18-114(D) Continued Claims 11/03/ /10/ /17/ /24/ Total Claims 11/03/ /10/ /17/ /24/ Construction 15.1% Health Care & Social Svcs. Admin. & Waste Retail Trade 6.3% 8.8% 8.5% State of Indiana Initial Claims 11/03/18-3,132 11/10/18-2,612 11/17/18-2,493 11/24/18-2,636 Source: Indiana Department of Workforce Development, Research and Analysis WARN Notices WARN Notices for Region 6 for November 2018 Company City County # of workers affected Notice Date There are no WARN Notices for November 2018 for EGR 6. Continued Claims 11/03/18-13,095 11/10/18-12,999 11/17/18-11,156 11/24/18-12,843 Total Claims 11/03/18-16,227 11/10/18-15,611 11/17/18-13,649 11/24/18-15,479 Source: Indiana Department of Workforce Development, WARN Notices For information on WARN Act requirements, you may go to the U.S. Department of Labor Employment Training Administration Fact Sheet: (D) indicates item is affected by non-disclosure issues relating to industry or ownership status Source: Indiana Department of Workforce Development, Research and Development Indiana Department of Workforce Development 3 Labor Market Review EGR 6

4 Industry Total Nonfarm Total Private Nov-18 Oct-18 Nov-17 # Change % Change # Change % Change 53,300 53,100 53, % % 39,200 38,900 39, % % Goods Producing 6,100 6,000 6, % % Service-Providing 47,200 47,100 47, % % Private Service Providing Mining, Logging and Construction Manufacturing Trade, Transportation, and Utilities Wholesale Trade Retail Trade Transportation, Warehousing, and Utilities Information Financial Activities Education and Health Services Leisure and Hospitality Other Services Government State Government State Government Educational Services State Government Excluding Education Local Government Local Government excluding Educational Services Muncie MSA Wage and Salaried Employment November 2018 Local Government Educational Services Source: Indiana Dept of Workforce Development, Research and Analysis, Current Employment Statistics Oct-18 to Nov-18 Nov-17 to Nov-18 33,100 32,900 33, % % 1,600 1,600 1, % 0 0.0% 4,500 4,400 4, % % 9,100 8,900 9, % 0 0.0% 1,100 1,100 1, % 0 0.0% 6,500 6,300 6, % 0 0.0% 1,500 1,500 1, % 0 0.0% % 0 0.0% 2,500 2,500 2, % % 9,200 9,100 9, % % 4,900 5,100 5, % % 1,800 1,800 1, % 0 0.0% 14,100 14,200 14, % 0 0.0% 9,900 10,000 10, % % 9,700 9,800 9, % % % 0 0.0% 3,800 3,900 3, % 0 0.0% 2,200 2,300 2, % 0 0.0% 1,600 1,600 1, % 0 0.0% 55,000 Muncie MSA Employment Trends 54,000 53,000 52,000 51,000 50, ,000 48,000 47,000 46,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Source: Indiana Department of Workforce Development, Research & Analysis, Current Employment Statistics Note: Historical data for the most recent 4 years (both seasonally adjusted and not seasonally adjusted) are revised near the beginning of each calendar year, prior to the release of January estimates for statewide data. Indiana Department of Workforce Development 4 Labor Market Review EGR 6

5 Frequently Listed Jobs Top 20 job listings in Region 6 in the past month Applicant Pool Top 20 occupations desired by applicants on their resumes in the past 12 months Rank Occupations Occupations # of applicants 1 Retail Salespersons Production Workers, All Other Customer Service Representatives Assemblers and Fabricators, All Other Landscaping and Groundskeeping Workers Helpers--Production Workers Tellers Customer Service Representatives Production Workers, All Other Laborers and Freight, Stock, and Material Movers, Hand Heavy and Tractor-Trailer Truck Drivers Cashiers First-Line Supervisors of Transportation and Material-Moving Machine and Vehicle Operators Stock Clerks and Order Fillers Personal Care Aides Office Clerks, General Social and Human Service Assistants Team Assemblers Financial Specialists, All Other Construction Laborers Healthcare Support Workers, All Other Office and Administrative Support Workers, All Other Registered Nurses Managers, All Other Computer User Support Specialists Extraction Workers, All Other Healthcare Practitioners and Technical Workers, All Other Nursing Assistants Stock Clerks- Stockroom, Warehouse, or Storage Yard Heavy and Tractor-Trailer Truck Drivers Art, Drama, and Music Teachers, Postsecondary Maintenance and Repair Workers, General Automotive Master Mechanics Inspectors, Testers, Sorters, Samplers, and Weighers Business Teachers, Postsecondary Construction and Related Workers, All Other Education Administrators, Elementary and Secondary School Industrial Truck and Tractor Operators Managers, All Other First-Line Supervisors of Production and Operating Workers 102 Source: Indiana Workforce Development, Indiana Career Connect Source: Indiana Workforce Development, Indiana Career Connect Indiana Department of Workforce Development 5 Labor Market Review EGR 6

6 43.9 Percent of Private Employment in Business Establishments at least 25 Years Old (Excerpted from the Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily) In March 2018, 43.9 percent of private employment was in business establishments that opened before March Within the utilities industry, 73.1 percent of employment was in establishments that opened before March In March 2018, additional industries with 60 percent or more of total employment in establishments that opened before March 1993 include manufacturing (66.7 percent), management of companies and enterprises (63.2 percent), and educational services (60.0 percent). Business establishments opened for less than one year in March 2018 employed 2.5 percent of total private employment. Among those who worked in the accommodation and food services industry, 4.7 percent worked in establshments opened for less than 1 year. This compared with 0.7 percent of total employment for utilities and manufacturing. These data are from the Business Employment Dynamics program. Also see charts related to the latest "Business Employment Dynamics" news release. Indiana Department of Workforce Development 6 Labor Market Review EGR 6

7 Questions? Please contact the Regional Labor Analyst listed below: Kent Sellers Indiana Department of Workforce Development 200 E. Main St., SE 910 Fort Wayne, IN Indiana Department of Workforce Development 7 Labor Market Review EGR 6