Chesterton Tribune

 

 

Jobless rate statewide and in the region mostly up in November

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By KEVIN NEVERS

The state’s unemployment rate in November rose fractionally, to 3.6 percent from 3.5 percent in October (3.4 percent in November 2017), the Indiana Department of Workforce Development is reporting.

The 3.6 percent figure remains lower than the national rate in November of 3.7 percent, and with the exception of one month, when it was equal (October 2014), Indiana’s unemployment rate has now been lower than the U.S. rate for more than five years.

The monthly unemployment 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.

Indiana’s labor force had a net increase in November of 2,216 over October. This was the result of a 2,122 increase in unemployed residents and an increase of 94 employed residents. Indiana’s total labor force, which includes both employed Hoosiers and those seeking employment, stands at 3.4 million, while the state’s 65.1-percent labor force participation rate remains above the national rate of 62.9 percent.

Private sector employment this year has grown by more than 25,900 over 2017 and in November increased by 2,800 over October, chiefly due to gains in manufacturing (+3,100); and private education and health services (+1,900). Gains were partially offset by losses in trade, transportation, and utilities (-2,000); and leisure and hospitality (-1,000).

Total private employment reached a preliminary record high of 2,714,800, which is 25,900 above the official December 2017 peak.

In addition, construction jobs continue to be at the highest level since April 2008.

Regionally and Locally

Here in Northwest Indiana, jobless rates were mostly trending up.

In Porter County the seasonally unadjusted unemployment rate in November was stable at 3.8 percent, the same as in October (3.5 percent in November 2017).

In Lake County the unemployment rate in November rose to 5.0 percent, from 4.9 percent in October (4.5 percent in November 2017). In LaPorte County the unemployment rate in November increased to 4.5 percent, from 4.3 percent in October (3.9 percent in November 2017).

In Chesterton the unemployment rate in November was stable at 3.6 percent, the same as in October (3.3 percent in November 2017).

In Valparaiso the unemployment rate in November rose to 3.9 percent, from 3.8 percent in October (3.5 percent in November 2017).

In Portage the unemployment rate in November increased to 4.3 percent, from 4.2 percent in October (4.0 percent in November 2017).

Unemployment rates elsewhere in November:

* In Gary the rate dropped by half a point, to 7.3 percent from 7.8 percent in October (7.1 percent in November 2017).

* In East Chicago the rate fell to 6.3 percent, from 6.4 percent in October (6.1 percent in November 2017).

* In Hammond the rate rose by nearly half a point, to 5.5 percent from 5.1 percent in October (5.0 percent in November 2017).

* In Michigan City the rate also rose by nearly half a point, to 5.2 percent from 4.8 percent in October (4.1 percent in November 2017).

* In LaPorte the rate increased to 4.5 percent, from 4.4 percent in October (4.0 percent in November 2017).

Alternative Measures

The official national unemployment rate in November was stable at 3.7 percent, the same as in October (3.9 percent in November 2017).

However--according 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 national unemployment rate in November was 7.6 percent, up from 7.4 percent in October (7.7 percent in November 2017).

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 for them in their line or in their location.

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 12/27/2018

 

 
 
 
 

 

 

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