More than 1,100 Warrick County residents got back to work in May making Warrick County’s unemployment rate decrease after a sharp increase in April.
According to reports released from the Indiana Department of Workforce Development (DWD), Warrick County’s unemployment rate jumped to 13.1% in April, but fell more than four points to 9% in May as businesses found opportunities to reopen when the state lifted regulations implemented during the coronavirus pandemic. The county’s unemployment rate was only 2.8% in March.
The county’s annual unemployment rate had continued to decline each year dropping from 4.9 in 2014 to 2.9 in 2019 with an estimated labor force of more than 33,000.
Despite the major fluctuation in unemployment, Warrick County has remained below Indiana’s average unemployment rate. In March, the state’s unemployment rate was 3.4% before it jumped to 17.1% in April.
Then, in May, Indiana’s rate fell to 11.9%.
Ultimately, the DWD reports show that private sector employment has decreased in Indiana by 315,000 over the year and increased by 90,100 over the previous month. The report states that the monthly increase is primarily due to gains in the Leisure and Hospitality (34,700), the Manufacturing (18,100) and the Private Education and Health Services (10,700) sectors. Total private employment stands at 2,422,800 in the state, which is 326,500 below the January 2019 peak.
For more information, visit the Indiana DWD website at www.in.gov/dwd/.