unemployment rate in July rose marginally to 3.4 percent, from 3.3 percent
in June (3.6 in July 2017), the Indiana Department of Workforce Development
(DWD) reported last week.
The 3.4 rate in
July remain lower than the national unemployment rate of 3.9 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 more than four years.
unemployment rate is a U.S. Bureau of Labor Statistics indicator reflecting
the number of unemployed people seeking employment within the prior four
weeks as a percentage of the labor force.
In July, Indiana’s
labor force showed a net increase of 15,564 over June, a result of an
increase of 2,964 in unemployed residents and a 12,600 increase in employed
residents, DWD said. Indiana's total labor force, which includes both
Hoosiers employed and those seeking employment, stands at 3.38 million, and
the state’s 64.8 percent labor force participation rate remains above the
national rate of 62.9 percent. Indiana's labor force growth of 67,519 over
the past six months represents the state's largest six-month increase since
1995 in the state.
Indiana's initial unemployment insurance claims continue to be at historical
lows, DWD said.
employment has grown by more than 24,800 over the year, and in July
increased by 5,600 over June, primarily due to gains in professional and
business services (+2,700) and construction (+2,000).
partially offset by losses in other (-1,000), which includes mining and
logging, IT, and other services; and financial activities (-400) sectors.
employment stands at 2,703,800 and is 14,900 above the December 2017 peak.
Here in Northwest
Indiana, on the other hand, jobless rates in July were generally down
fractionally or stable.
In Porter County
the seasonally unadjusted unemployment rate in July dropped to 3.9 percent,
from 4.0 percent in June (4.0 percent in July 2017).
In Lake County the
unemployment rate in July slid to 4.9 percent, from 5.0 percent in June (5.1
percent in July 2017). In LaPorte County the unemployment rate in July to
4.2 percent, from 4.4 percent in June (4.2 percent in July 2017).
In Chesterton the
unemployment rate in July dropped to 3.9 percent, from 4.0 percent in June
(3.9 percent in July 2017).
In Valparaiso the
unemployment rate in July fell to 3.6 percent, from 3.7 percent in June (4.0
percent in July 2017).
In Portage the
unemployment rate in July was down by nearly half a point, to 4.3 percent
from 4.7 percent in June (4.7 percent in July 2017).
elsewhere in July:
* In Gary the rate
fell to 7.3 percent, from 7.5 percent in June (7.9 percent in July 2017).
* In East Chicago
the rate remained stable at 6.5 percent, the same as in June (7.2 percent in
* In Hammond the
rate also remained stable at 5.2 percent, the same as in June (5.4 percent
in July 2017).
* In Michigan City
the rate slipped to 4.8 percent, from 4.9 percent in June (5.0 percent in
* In LaPorte the
rate dropped by fully half a point, to 3.9 percent from 4.4 percent in June
(4.2 percent in July 2017).
national unemployment rate in July was 3.9 percent, down from 4.0 percent in
June (4.6 percent in July 2017).
to the U.S. Bureau of Labor Statistics--if “discouraged workers, all other
“marginally attached workers,” and “total part-time employed for economic
reasons” are included in the tally, then the unofficial national
unemployment rate in July was 7.5 percent, down from 7.8 percent in June
(8.9 percent in July 2017).
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.”
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
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.”