Chesterton Tribune

 

 

State and regional jobless rates continue to improve in July

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By KEVIN NEVERS

The state’s jobless rate in July fell to 7.8 percent, down from 11.1 percent in June (3.2 percent in July 2019), the Indiana Department of Workforce Development is reporting.

That 7.8 percent rate compares favorably to the national rate of 10.2.

Indiana’s labor force had a month-over-month net decrease of 75,742 in July, the result of a decrease of 117,983 unemployed residents and an increase of 42,242 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.31 million, while the state’s 62.8-percent labor-force participation rate is above the national rate of 61.4 percent.

Private sector employment has decreased by 127,000 over the year but increased by 40,500 in July. This monthly increase is chiefly due to gains in the leisure and hospitality sector (+23,000); and in professional and business services (+11,100). Those gains were partially offset by a loss in the construction sector (-100). Total private employment stands at 2,601,500, which is 147,800 below the January 2019 peak.

Regionally and Locally

July’s jobless rates were uniformly down by four to five full points throughout Northwest Indiana as well.

In Porter County, the seasonally unadjusted unemployment rate in July dropped to 9.4 percent, from 13.2 percent in June (3.8 percent in July 2019).

In Lake County, the unemployment rate in July fell to 11.3 percent, from 15.6 percent in June (4.9 percent in July 2019). In LaPorte County, the unemployment rate in July dropped to 10.5 percent, from 15.5 percent in June (4.2 percent in July 2019).

In Chesterton, the unemployment rate in July fell to 9.5 percent, from 13.2 percent in June (3.7 percent in July 2019).

In Valparaiso, the unemployment rate in July dropped to 8.9 percent, from 12.4 percent in June (3.6 percent in July 2019).

In Portage, the unemployment rate in July fell to 11.7 percent, from 16.5 percent in June (4.6 percent in July 2019).

Unemployment rates elsewhere in July:

-- In Gary the rate was down to 17.5 percent, from 21.7 percent in June (7.8 percent in July 2019).

-- In East Chicago the rate was down to 15.3 percent, from 20.8 percent in June (6.8 percent in July 2019).

-- in Hammond the rate was down to 11.4 percent, from 16.2 percent in June (5.5 percent in July 2019).

-- In Michigan City the rate was down to 14.1 percent, from 19.8 percent in June (5.0 percent in July 2019).

-- In LaPorte the rate was down to 10.4 percent, from 14.9 percent in June (3.9 percent in July 2019).

Alternative Measures

In July the official national unemployment rate fell to 10.2 percent, from 11.1 percent in June (4.0 percent in July 2019).

However--according to the U.S. Bureau of Labor Statistics--if marginal workers, discouraged workers, and workers employed part-time for economic reasons are included in the tally, then the unofficial unemployment rate in July was 16.5 percent, down from 18.0 percent in June (7.3 percent in July 2019).

 

Posted 8/25/2020

 
 
 
 

 

 

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