Chesterton Tribune

 

 

Jobless rate up fractionally in June statewide, jumps in NWI

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By KEVIN NEVERS

The state’s jobless rate in June rose to 3.3 percent from 3.2 percent in May, the Indiana Department of Workforce Development (DWD) is reporting.

The 3.3 percent rate remains lower than the national rate of 4.0 percent, DWD noted. 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.

The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that 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 of 14,948 over May. This was a result of a 3,785 increase in unemployed residents and an increase of 11,163 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.36 million, and the state’s 64.6-percent labor force participation rate remains above the national rate of 62.9 percent (through June 2018) and the BLS Midwest States' average rate of 62.6 percent (through May 2018).

In addition, Indiana's initial unemployment insurance claims continue to be at historical lows.

Private sector employment has grown by more than 16,600 over the year and has decreased by 2,500 over the previous month, primarily due to losses in the private educational and health services sector (-2,700) and in the other sector, which includes mining, logging, and IT (-2,000). Losses were partially offset by gains in manufacturing (+1,600) and financial activities (+900) sectors.

Total private employment stands at 2,699,000 and is 10,100 above the December 2017 peak.

Regionally and Locally

Here in Northwest Indiana, on the other hand, jobless rates in June jumped sharply.

In Porter County the seasonally unadjusted unemployment rate in June rose to 4.0, from 3.6 percent in May (3.9 percent in June 2017).

In Lake County the unemployment rate in June increased by half a point, to 7.5 percent from 4.5 percent in May (4.8 percent in June 2017). In LaPorte County the unemployment rate in June rose to 4.4 percent, from 4.0 percent in May (4.2 percent in June 2017).

In Chesterton the unemployment rate in June increased to 4.0 percent, from 3.7 percent in May (3.7 percent in June 2017).

In Valparaiso the unemployment rate in June rose to 3.7 percent, from 3.3 percent in May (3.8 percent in June 2017).

In Portage the unemployment rate in June jumped by more than half a point, to 4.7 percent from 4.1 percent in May (4.4 percent in June 2017).

Unemployment rates elsewhere in June:

* In Gary the rate spiked by nearly a full point, to 7.5 percent from 6.6 percent in May (7.1 percent in June (2017).

* In East Chicago the rate jumped by more than half a point, to 6.5 percent from 5.9 percent in May (6.8 percent in June 2017).

* In Hammond the rate also rose by more than half a point, to 5.3 percent from 4.7 percent in May (5.6 percent in June 2017).

* In Michigan City the rate rose to 4.8 percent from 4.5 percent in May (4.9 percent in June 2017).

* In LaPorte the rate increased by more than half a point, to 4.4 percent from 3.8 percent in May (4.2 percent in June 2017).

Alternative Measures

The official national unemployment rate in June was 4.0 percent, up from 3.8 percent in May (4.5 percent in June 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 June was 7.8 percent, up from 7.6 percent in May (8.9 percent in June 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 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 7/24/2018

 
 
 
 

 

 

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