Chesterton Tribune

 

 

Jobless rate drops statewide, marginally down or stable here

Back To Front Page

 

By KEVIN NEVERS

Indiana’s unemployment rate decreased in November to 4.2 percent from 4.4 percent in October, the Indiana Department of Workforce Development (DWD) is reporting.

That’s the lower jobless rate in the state since 2001.

“The unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people as a percentage of the labor force,” DWD said. “Indiana’s total labor force stands at over 3.3 million and the state’s 64.7 percent labor-force participation rate stands 2 percent above the national rate.”

“Indiana’s unemployment rate continues to drop while private sector employment continues to grow, which are positive signs for Hoosier workers and job seekers,” DWD Commissioner Steven Braun said. “In order for Indiana to remain one of the most appealing states for business in the nation, it is critical that DWD engages and trains potential workers not actively participating in Indiana’s workforce in order to meet employers’ current and future demand for skilled workers.”

Private-sector employment increased by 13,300 jobs in November in the year-to-date by 36,500, DWD noted. Meanwhile, initial unemployment insurance claims remain at the lowest point in over 30 years.

Notable job growth was posted in the following sectors: professional and business services (+8,300); all other sectors (+1,700); financial activities (+1,500); manufacturing (+1,400); leisure and hospitality (+1,000); private education and health services (+800); and trade, transportation, and utilities (+200).

Construction (-1,600) was the only sector to experience job losses in November.

Regionally and Locally

In Northwest Indiana jobless rates were mostly stable or marginally down.

In Porter County the seasonally unadjusted unemployment rate in November slipped to 4.3 percent, from 4.4 percent in October (5.0 percent in November 2015). Throughout Porter County 3,716 people were looking for work in November, down 2 percent from October (down 11.1 percent since November 2015).

In Lake County the unemployment rate in November was stable at 5.4 percent, the same as in October (6.2 percent in November 2015). In LaPorte County the unemployment rate in November rose slightly, to 5.1 percent from 4.9 percent in October (5.8 percent in November 2015).

In Chesterton the unemployment rate in November dropped to 4.0, from 4.2 percent in October (4.3 percent in November 2015). A total of 272 people was looking for work in November, down 4.9 percent from October (down 4.2 percent since November 2015).

In Valparaiso the unemployment rate in November was stable at 4.6 percent, the same as in October (4.8 percent in November 2015). A total of 750 people was looking for work in November, down 0.3 percent from October (down 1.4 percent since November 2015).

In Portage the unemployment rate in November fell to 4.0 percent, from 5.1 percent in October (5.8 percent in November 2015). A total of 909 people was looking for work in November, down 2.8 percent from October (down 11.3 percent from November 2015).

Unemployment rates elsewhere in November:

* In Gary the rate rose to 8.4 percent, from 8.2 percent in October (9.2 percent in November 2015).

* In East Chicago the rate dropped to 8.1 percent, from 8.3 percent in October (8.3 percent in November 2015).

* In Hammond the rate slipped to 5.6 percent, from 5.8 percent in October (6.4 percent in November 2015).

* In Michigan City the rate was stable at 6.0 percent, the same as in October (6.7 percent in November 2015).

* In LaPorte the rate jumped by nearly half a point, to 5.1 percent from 4.7 percent in October (5.7 percent in November 2015).

Alternative Measures

The official national unemployment rate in November was 4.6 percent, down from 4.9 percent in October (4.8 percent in November 2015).

However--according to the U.S. Bureau of Labor Statistics--if “discouraged workers,” all other “marginalized workers,” and “total employed part-time for economic reasons” are included in the tally, then the unofficial unemployment rate in November was 9.3 percent, down from 9.5 percent in October (9.6 percent in November 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 12/20/2016

 
 
 
 

 

 

Search This Site:

Custom Search