Unemployment remained steady in the State of Indiana in October while
showing marginal local fluctuations both up and down in Northwest Indiana.
According to a statement released on Friday by the Indiana Department of
Workforce Development (DWD), the preliminary seasonally-adjusted
unemployment rate was 9.8 percent in October, compared to 0.7 percent in
September, a statistically insignificant increase of 0.1 percent. The
national unemployment rate rose by 0.4 percent in October to 10.2 percent.
“Indiana’s unemployment rate has held relatively steady for the past three
months despite a steadily climbing national rate,” DWD Commissioner Teresa
Voors said. “However, a projected soft holiday retail season combined with a
slump in manufacturing and hospitality employment tempers my optimism
concerning the coming months.”
Seasonally-adjusted non-farm employment dropped in Indiana in October by
1,600 jobs. The state reported the largest declines in manufacturing
(-5,000), mostly attributed to a slowdown in domestic auto manufacturing
following a temporary “Cash for Clunkers” spike, and leisure and hospitality
(-5,900). Sectors reporting large job increases included construction
(4,000), professional and business services (2,200), and financial
activities (2,200).
Indiana continues to report the lowest unemployment rate of its neighboring
states. Illinois’ increased by 0.5 percent to 11.0 percent; Ohio’s increased
by 0.4 percent to 10.5 percent; Kentucky’s increased by 0.3 percent to 11.2
percent; and Michigan’s decreased by 0.2 percent to 15.1 percent.
Northwest
Indiana
In Porter County, meanwhile, the pre-seasonally adjusted unemployment rate
in October dropped marginally to 8.2 percent from 8.3 percent in September
(4.6 percent in October 2008). Across Porter County 6,735 people were
looking for work in October, compared to 6,801 in September, a decrease of
0.97 percent (an increase of 74.6 percent since October 2008).
In Lake County the unemployment rate in October rose marginally to 9.6
percent from 9.5 percent in September (6.2 percent in October 2008). In
LaPorte County the unemployment rate in October similarly rose by 0.1
percent, to 10.9 percent from 10.8 percent in September (6.2 percent in
October 2008).
In Chesterton, on the other hand, the unemployment rate in October fell by
more 0.5 percent, to 7.9 percent from 8.7 percent in September (4.1 percent
in October 2008). A total of 524 people was looking for work in October,
compared to 584 in September, a decrease of 10.3 percent (an increase of
87.1 percent since October 2008).
Data for the towns of Porter and Burns Harbor were not available.
In Valparaiso the unemployment rate in October increased to 7.5 percent from
7.1 percent in September (4.6 percent in October 2008). A total of 1,145
people was looking for work in October, compared to 1,070 in September, an
increase of 7 percent (an increase of 57.3 percent since October 2008).
In Portage the unemployment rate in October dipped to 9.3 percent from 9.6
percent in September (5.7 percent in October 2008). A total of 1,669 people
was looking for work in October, compared to 1,727 in September, a decrease
of 3.35 percent (an increase of 57.5 percent since October 2008).
Unemployment elsewhere:
•In Gary the rate rose in October to 11.7 percent from 11.4 percent in
September (7.9 percent in October 2008).
•In East Chicago the rate dropped in October to 12.0 percent from 12.5
percent in September (9.6 percent in October 2008).
•In Hammond the rate rose in October to 10.8 percent from 10.7 percent in
September (7.5 percent in October 2008).
•In Michigan City the rate rose in October to 11.4 percent from 11.0 percent
in September (7.3 percent in October 2008).
•In LaPorte the rate rose in October to 11.9 percent from 11.5 percent in
September (6.6 percent in October 2008).
Alternative
Measure
of Unemployment
The official national unemployment rate in October increased to 10.2 percent
from 9.8 percent in September.
But—according to the U.S. Bureau of Labor Statistics (BLS)—if “discouraged
workers,” “all other marginally attached workers,” and “total employed
part-time for economic reasons” are included in the tally, the unofficial
national unemployment rate in October increased to 17.5 percent from 17
percent in September.
“Marginally attached workers” are those “who indicate that they want a job,
have looked for work in the last 12 months (or since they last worked if
they worked within the last 12 months), and are available for work.”
“Discouraged workers” are a subset of marginally attached workers and are
not currently looking for work for several reasons, including their belief
that no job is available for them in their line of work or area.
“Persons
employed part-time for economic reasons” are those “who want and are
available for full-time work but have had to settle for a part-time
schedule.”
Posted
11/23/2009