Chesterton Tribune

 

 

Jobless rate drops in state, is up slightly or unchanged in the region

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By KEVIN NEVERS

Indiana’s seasonally adjusted unemployment rate fell in May for the second month in a row by 0.2 percent, from 8.5 percent to 8.3 percent, the Indiana Department of Workforce Management (DWD) said today.

The “April and May rate decreases signify the largest two month drop since early last year,” DWD said.

Indiana was one of only two Midwestern states to experience a decrease in rate for the month, DWD added. So far in 2013, initial claims for unemployment insurance benefits are at their lowest levels since 2000.

“Indiana’s private sector added 9,000 jobs in May, the largest monthly increase since February of 2012,” DWD also said. “Growth occurred at twice the national average for the month (0.4 percent vs. 0.2 percent). Private sector employment in the Hoosier State is now at pre-recession levels not seen since July of 2008.”

“May was quite a positive month for job growth in the Hoosier State,” DWD Commissioner Scott Sanders said. “Most tangible employment measures seem to be trending in the right direction for the moment, which is cause for cautious optimism.”

Sanders also noted Indiana has added 45,300 private sector jobs over the past year, more than one-third of which have occurred since January. Thirteen percent of private sector growth over the past year has come from manufacturing as Indiana continues to have more manufacturing jobs as a percentage of the private sector than any other state.

Sectors showing gains in May include trade, transportation and utilities (+4,100); leisure and hospitality (+3,300); professional and business services (+2,500); financial activities (+1,400); and construction (+400).

Sectors showing decreases in May include private educational and health Services (-1,600); and manufacturing (-800).

Total non-farm employment increased in May (+7,500).

Regionally, Locally

In Porter County the unemployment rate in May rose to 7.9 percent, from 7.7 percent in April (7.5 percent in May 2012). Throughout the county 6,535 people were looking for work in May, an increase of 3.9 percent over April (an increase of 5.9 percent since May 2012).

In Lake County the unemployment rate remained unchanged at 9.7 percent, the same as April (9.0 percent in May 2012). In LaPorte County the unemployment rate in May slipped marginally to 10.1 percent, from 10.2 percent in April (9.5 percent in May 2012).

In Chesterton the unemployment rate in May rose slightly to 7.2 percent, from 7.1 percent in April (6.6 percent in May 2012). A total of 487 people was looking for work in May, an increase of 2.1 percent over April (an increase of 8.2 percent since May 2012).

In Valparaiso the unemployment rate in May increased to 7.2 percent, from 7.0 percent in April (7.2 percent in May 2012). A total of $1,141 people was looking for work in May, an increase of 3.1 percent over April (a decrease of 1.6 percent since May 2012).

In Portage the unemployment rate in May rose to 9.3 percent, from 9.0 percent in April (9.3 percent in May 2012). A total of 1,678 people was looking for work in May, an increase of 5.2 percent over April (an increase of 0.2 percent since May 2012).

Unemployment rates elsewhere in May:

* In Gary the rate remained unchanged at 14.2 percent, the same as in April (13.3 percent in May 2012).

* In East Chicago the rate rose to 12.2 percent, from 12.1 percent in April (13.6 percent in May 2012).

* In Hammond the rate was level at 10.3 percent, the same as in April (9.1 percent in May 2012).

* In Michigan City the rate increased to 11.6 percent, from 11.4 percent in April (10.8 percent in May 2012).

* In LaPorte the rate dropped by fully half a point, to 9.1 percent from 9.6 percent (9.5 percent in May 2012).

Alternative Measures

The official national unemployment rate in May was 7.6 percent, up from 7.5 percent in April (7.9 percent in May 2012).

However--according to the U.S. Bureau of Labor Statistics--if “discouraged workers,” all other “marginally attached workers,” and “total employed part-time for economic reasons’ are included in the tally, the unofficial unemployment rate in May was 13.8 percent, down from 13.9 percent in April (14.3 percent in May 2012).

“Marginally 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 worked, if they worked in the last 12 months), and are available for work.”

“Discouraged 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 work but have had to settle for a part-time schedule.”

 

 

 

 

 

 

 

Posted 6/21/2013