Goshen News, Goshen, IN

Business

May 16, 2014

Unemployment rate drops to 5 percent in Elkhart County

Unemployment rate drops to 5 percent in Elkhart County

GOSHEN — The unemployment rate in Elkhart County fell to 5 percent last month, the Bureau of Labor Statistics said Friday.

The unemployment rate for the county was down 0.8 percent in April from 5.8 percent in March. The drop in the unemployment rate was not tied to just Elkhart County either.

The unemployment rate in Kosciusko County was 4.1 percent in April, down from 5 percent in March and in LaGrange County the rate fell to 4.3 percent for April, down from 5 percent in March. Noble County saw a drop from 5.9 percent in March to 5 percent last month.

Jerrell Richer, economics professor at Goshen College, said the falling rates are a good indicator that the economy is rebounding from the Great Recession and that there is a strong market for employees and job-seekers.

“Those are incredible," he said of the latest numbers. "Those are very low, and that’s a big drop from month to month."

Richer said the statistics could be misleading because of the nature of survey that the Bureau of Labor Statistics gets by dividing the number of people unemployed by the number of people in the labor force. However he said they do not count those people who have stopped seeking work, what the bureau calls “discouraged workers.”

“If you included the discouraged workers it could be a couple percentage points higher,” he said.

However, Richer said that as discouraged workers hear about hiring and a shortage of workers, those numbers will drop as well.

Despite low numbers of unemployment, Richer said he was hesitant to say that the area was close to what economists call “full employment,” when the maximum number of people possible are employed.

“When I went to graduate school they talked about 5 percent as being full employment," he said. "But more recently the percentage rate has dropped some,” he said.

Text Only
Business
  • GN140820 dometic groundbreaking Dometic breaks ground on significant expansion in Goshen GOSHEN — As Dometic officials gathered for a groundbreaking ceremony for the $7 million expansion of their Goshen distribution center Wednesday, the work was already underway in the background. “It’s happening right now,” said Dave Schutz, vice presi

    August 20, 2014 1 Photo

  • Three Wheeled Commuter Car [Duplicate] Three-wheeled car closer to going on sale ROYAL OAK, Mich. — Your next commuter car could have two seats, three wheels and get 84 miles to the gallon. Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight. With a starting

    August 15, 2014 6 Photos

  • White Collar Sentencing [Duplicate] Lighter sentences sought for some business crimes WASHINGTON — The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment for a different categor

    August 14, 2014 1 Photo

  • Amazon Mobile Payments [Duplicate] Amazon joins mobile payment market NEW YORK — Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones

    August 13, 2014 1 Photo

  • BIZ GN140809 gm recall image GM recalls three vehicles for fire hazard General Motors' troubles with safety recalls has surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire. The problem, revealed in documents posted by federal sa

    August 8, 2014 1 Photo

  • BIZ GN0808 Supershow 02 Annual RV show opens in Elkhart ELKHART— Carole and Ray Bronicki have owned four recreational vehicles during the past 25 years. Thursday they were looking for their fifth.“We sold the one we had in Texas, Ray said as he stood outside a fifth-wheel at the Midwest RV Super Show. “An

    August 7, 2014 2 Photos

  • Thor has good year ELKHART — Thor Industries Inc. has had a good year.The recreational vehicle manufacturer announced Monday its fiscal year ended in July with sales from continuing operations up 9 percent at $3.53 billion. Sales in the prior year were $3.24 billion.To

    August 6, 2014

  • Wealth Gap US Economy [Duplicate] S&P says wealth gap slows economic growth WASHINGTON — Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession. Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealth

    August 5, 2014 3 Photos

  • Briefly BRISTOLHiring event set for Wednesday in BristolWorkOne and auto-parts manufacturer Chassix are hosting a hiring event Wednesday.Employees are needed for more than 100 machine operator jobs and related positions.The hiring event will take place from

    August 3, 2014

  • BIZ GN140803 rv show preview image 03 RV Super Show begins Thursday Annual event displays newest recreational vehicles to customers from across the nation.

    August 3, 2014 2 Photos

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video
Hospital Releases Two Missionaries Who Had Ebola Ramen Health Risks: The Dark Side of the Noodle NYC Doctor-in-chief Seeks Community Approach Indonesian Police Fire Tear Gas at Protesters Raw: Shots Fired in Liberian Shantytown DOJ, Bank of America Reach Record Settlement Raw: Cubavision Airs Images of Fidel Castro Raw: Grief After Deadly Airstrikes in Gaza Officer Who Pointed Gun at Protesters Suspended Kathy Griffin Challenges Minaj to 'a Booty Off' Johnson: Six Arrests, No Tear Gas in Ferguson Raw: Rescue, Relief Efforts at Japan Landslide Cadavers, a Teen, and a Medical School Dream California Drought Stings Honeybees, Beekeepers Officer Who Pointed Gun at Protesters Suspended US Mission to Rescue Hostages in Syria Failed
Poll

Three Goshen elementary schools — Chandler, Chamberlain and West Goshen — are providing free meals to all students during the school year as part of the U.S. Department of Agriculture’s Community Eligibility Provision of the Healthy Hunger-Free Kids Act of 2010. Nearly 80 percent of students at Chandler, 89 percent of students at Chamberlain and 78 percent of students at West Goshen already qualify for free or reduced-price lunches based on their family income. How do you feel about the new lunch program?

I think it’s a good idea to feed all the students free of charge
I think those who can afford it should pay for their school meals
I think all students should be required to pay for their school meals
     View Results