Chesterton Tribune

 

 

Jobless rate drops statewide and continues to plummet in NWI

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By KEVIN NEVERS

The state’s jobless rate dipped marginally in October to 4.4 percent in October, from 4.5 in September, the Indiana Department of Workforce Development (DWD) said.

The national unemployment rate for October was 4.9 percent, DWD noted.

The state’s labor force, a measure of Hoosiers employed or seeking employment, has increased by 83,409 (2.5 percent) over the year. Meanwhile, its total labor force totals more than 3.3 million, with a labor-force participation rate of 65 percent, well above the national rate of 62.8 percent.

“While Indiana’s low unemployment rate is a positive economic indicator, it has also created a challenge for Hoosier businesses to find skilled workers, particularly in fields like information technology and advanced manufacturing,” DWD Commissioner Steven Braun said. “Fortunately, local WorkOne Career Centers can assist unemployed and underemployed Hoosiers in attaining the in-demand skills required to fill the thousands of good-paying jobs currently available across the state.”

Sectors showing job growth in September: private education and health services (+1,600); trade, transportation and utilities (+800); and leisure and hospitality (+400).

Sector showing job loss: professional and business Services (-700); manufacturing (-600); and financial services (-400).

Regionally, Locally

Meanwhile, in Northwest Indiana, the jobless rate continued to drop in October, following significant decreases in many municipalities in September.

In Porter County the seasonally unadjusted unemployment rate in October dropped half a point, to 4.4 percent from 4.9 percent in September (4.7 percent in October 2015). Throughout Porter County, 3,801 people were looking for work in October, a decrease of 9.7 percent from September (a decrease of 3.5 percent since October 2015).

In Lake County the unemployment rate in October fell by more than half a point, to 5.4 percent from 6.0 percent in September (5.9 percent in October 2015). In LaPorte County the unemployment rate in October similarly fell by more than half a point, to 4.9 percent from 5.5 percent in September (5.4 percent in October 2015).

In Chesterton the unemployment rate in October dropped by nearly a full point, to 4.2 percent from 5.1 percent in September (4.2 percent in October 2015). A total of 288 people was looking for work in October, a decrease of 17.5 percent from September (an increase of 3.2 percent since October 2015).

In Valparaiso the unemployment rate in October dipped to 4.6 percent, from 4.8 percent in September (4.7 percent in October 2015). A total of 751 people was looking for work in October, a decrease of 4.6 percent from September (a decrease of 0.5 percent since October 2015).

In Portage the unemployment rate in October fell by more than half a point, to 5.1 percent from 5.8 percent in September (5.3 percent in October 2015). A total of 930 people was looking for work in October, a decrease of 11.6 percent from September (a decease of 1.3 percent since October 2015).

Unemployment rates elsewhere in October:

* In Gary the rate plummeted by nearly a point and a half, to 8.2 percent from 9.6 percent in September (9.5 percent in October 2015).

* In East Chicago the rate dipped to 8.3 percent, from 8.6 percent in September (7.8 percent in October 2015).

* In Hammond the rate fell by more than half a point, to 5.7 percent from 6.3 percent in September (6.4 percent in October 2015).

* In Michigan City the rate by nearly half a point, to 5.9 percent from 6.3 percent in September (6.3 percent in October 2015).

* In LaPorte the rate dipped to 4.7 percent, from 4.9 percent in September (5.2 percent in October 2015).

Alternative Measures

The official national unemployment rate in October was 4.9 percent, down from 5.0 percent in September (4.8 percent in October 2015).

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, then the unofficial national unemployment rate in October was 9.5 percent, down from 9.7 percent in September (9.5 percent in October 2015).

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

 

 

Posted 11/22/2016

 
 
 
 

 

 

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