Chesterton Tribune

 

 

Jobless rate statewide nominally down in June, but in region big spikes posted

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By KEVIN NEVERS

Indiana’s jobless rate dropped fractionally to 3.5 percent in June, from 3.6 in May (3.5 percent in June 2018), the Indiana Department of Workforce Development (DWD) is reporting.

That 3.5 percent rate compares favorably to the national unemployment rate of 3.7 percent, DWD noted.

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 decrease of 10,126 from May, a result of a decrease of 3,123 unemployed Hoosiers and a decrease of 7,003 employed Hoosiers. The state’s labor force, which includes both employed Hoosiers and those seeking employment, stands at 3.39 million, while the state’s 64.8-percent labor force participation rate remains above the national average of 62.9 percent.

Private sector employment has grown by 37,000 over the course of the year, and 6,800 over May. This increase is chiefly due to gains in the private educational and health services sector (+5,000); and in professional and business services (+1,100).

Those gains were partially offset by losses in manufacturing (-700); and in construction (-500).

Regionally and Locally

In Northwest Indiana, on the other hand, jobless rates were all up, in some case up by a lot.

In Porter County the seasonally unadjusted unemployment rate in June increased by nearly half a point, to 3.6 percent from 3.2 percent in May (4.1 percent in June 2018).

In Lake County the unemployment rate in June rose by exactly half a point, to 4.6 percent from 4.1 percent in May (5.1 percent in June 2018). In LaPorte County the unemployment rate in June increased by almost half a point, to 4.1 percent from 3.7 percent in May (4.4 percent in June 2018).

In Chesterton the unemployment rate in June was 3.5 percent, up from 3.2 percent in May (4.1 percent in June 2018).

In Valparaiso the unemployment rate in June was also 3.5 percent, also up from 3.2 percent in May (3.8 percent in June 2018).

In Portage the unemployment rate in June increased by half a point, to 4.2 percent from 3.7 percent in May (4.8 percent in June 2018).

Unemployment rates elsewhere in June:

--In Gary the rate spiked by nearly a full point, to 7.1 percent from 6.2 percent in May (7.7 percent in June 2018).

--In East Chicago the rate increased by more than a full point, to 6.8 percent from 5.5 percent in May (6.7 percent in June 2018).

--In Hammond the rate rose by nearly half a point, to 5.0 percent from 4.6 percent in May (5.4 percent in June 2018).

--In Michigan City rate increased by half a point, to 4.8 percent from 4.3 percent in May (4.9 percent in June 2018).

--In LaPorte the rate rose by nearly half a point, to 3.8 percent from 3.4 percent in May (4.4 percent in June 2018).

Alternative Measures

The national unemployment rate in June was 3.7 percent, up from 3.6 percent in May (4.2 percent in June 2018).

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 unemployment rate in June was 7.2 percent, up from 7.1 percent in May (8.1 percent in June 2018).

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 7/23/2019

 
 
 
 

 

 

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