The state’s jobless
rate rose in October to 3.9 percent, from 3.8 percent in September, the
Indiana Department of Workforce Development (DWD) is reporting.
DWD noted that 3.9
percent is lower than the national rate in October of 4.1 percent. “With the
exception of one month when it was equal (October 2014), Indiana’s
unemployment rate now has been below the U.S.. rate for four full years,”
rate is a U.S. Bureau of Labor Statistics indicator which reflects the
number of unemployed people seeking employment within the prior four weeks
as a percentage of the labor force.
The state’s labor
force had a net decrease of 11,694 over the previous month, which was a
result of 2,351 unemployed residents seeking employment and a 14,045
decrease in residents employed, DWD said. Indiana’s total labor force stood
at 3.3 million, while the state’s 64.2-percent labor force participation
rate remains above the national rate of 62.7 percent.
employment has grown by more than 22.600 over the year, and has increased by
2,500 over September, DWD added. Notable private-sector gains in October:
financial activities (+3,400); and trade, transportation, and utilities
(+2,100). Notable private-sector losses in October: professional and
business services (-3,000); and construction (-2,400).
employment stood at 2,691,600 in October and is 14,700 above the November
Here in Northwest
Indiana unemployment rates were generally down in October, continuing a
trend set in September and following spikes in the late spring and summer.
In Porter County
the seasonally unadjusted unemployment rate in October fell to 3.8 percent,
from 4.0 percent in September (4.4 percent in October 2016).
In Lake County the
unemployment rate in October dropped to 5.0 percent, from 5.3 percent in
September (5.5 percent in October 2016). In LaPorte County the unemployment
rate in October fell to 4.2 percent, from 4.4 percent in September (5.0
percent in October 2016).
In Chesterton the
unemployment rate in October dropped to 3.6 percent, from 3.9 percent in
September (4.4 percent in October 2016).
In Valparaiso the
unemployment rate in October was stable at 3.9 percent, the same as in
September (4.5 percent in October 2016).
In Portage the
unemployment rate in October fell by half a point, to 4.4 percent from 4.9
percent in September (5.2 percent in October 2016).
elsewhere in October:
* In Gary the rate
dropped by nearly half a point, to 7.9 percent from 8.3 percent (8.4 percent
in October 2016).
* In East Chicago
the rate slid to 7.2 percent, from 7.4 percent in September (8.5 percent in
* In Hammond the
rate also fell by nearly half a point, to 5.6 percent from 6.0 percent in
September (5.9 percent in October 2016).
* In Michigan City
the rate dropped to 4.8 percent, from 5.0 percent in September (6.0 percent
in October 2016).
* In LaPorte the
rate fell by fully half a point, to 4.2 percent fro 4.7 percent (4.8 percent
in October 2016).
national unemployment rate in October fell to 4.1 percent, from 4.2 percent
in September (4.7 percent in October 2016).
to the U.S. Bureau of Labor Statistics--if “discouraged workers,” all other
“marginally attached workers,” and “total part-time for economic reasons”
are included in the tally, then the unofficial unemployment rate in October
was 7.9 percent, down from 8.3 percent in September (9.2 percent in October
attached workers” are those “who indicate that they want a job, have looked
for work in the last 12 months (or since the last time they looked for work
if they worked in the last 12 months) and are available for work.”
workers” are not currently looking for work for several reasons, including
their belief that no job is available to them in their line or in their
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 part-time.”