Chesterton Tribune

 

 

State jobless rate stable at 3.6 percent in April, plummets here

Back To Front Page

 

By KEVIN NEVERS

The state’s jobless rate remained stable in April at 3.6 percent, the same as March (3.4 percent in April 2018), the Indiana Department of Workforce is reporting.

The national unemployment rate also stood at 3.6 percent in April.

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 April of 1,349. This reflects an increase of 29 unemployed residents and an increase of 1,320 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stood at 3.41 million, while the state’s labor-force participation rate of 65.3 percent remains above the national average of 62.8 percent.

Meanwhile, private-sector employment has grown by 36,700 since the start of the year but decreased by 3,600 from March. This decrease is primarily due to a loss in the financial activities sector (-600). That loss was partially offset by gains in leisure and hospitality (+1,600); and construction (+1,100). Total private employment stood at 2,743,500, which is 11,400 above the December 2018 peak.

Regionally and Locally

In Northwest Indiana, on the other hand, unemployment rates plummeted, in a wild fluctuation from March.

In Porter County the seasonally unadjusted unemployment rate in April dropped by fully a point and a half, to 3.4 percent from 4.9 percent in March (3.6 percent in April 2018).

In Lake County the unemployment rate in April dropped by more than two full points, to 4.8 percent from 6.9 percent in March (4.6 percent in April 2018). In LaPorte County the unemployment rate in April dropped by more than a point in a half, to 4.1 percent from 5.7 percent in March (4.1 percent in April 2018).

In Chesterton the unemployment rate in April fell by more than half a point, to 3.3 percent from 4.0 percent in March (3.4 percent in April 2018).

In Valparaiso the unemployment rate in April similarly dropped by nearly a full point, to 3.4 percent from 4.2 percent in March (3.1 percent in April 2018).

In Portage the unemployment rate in April dropped by two full points, to 4.0 percent from 6.0 percent in March (4.1 percent in April 2018).

Unemployment rates elsewhere in April:

--In Gary the rate fell by nearly three full points, to 7.2 percent from 10.0 percent in March (6.8 percent in April 2018).

--In East Chicago the rate dropped by more than three full points, to 7.0 percent from 10.2 percent in March (6.2 percent in April 2018).

--In Hammond the rate fell by more than two full points, to 5.8 percent from 8.0 percent in March (4.9 percent in April 2018).

--In Michigan City the rate fell by more than a full point, to 4.5 percent from 5.7 percent in March (4.4 percent in April 2018).

--In LaPorte the rate dropped by nearly two full points, to 3.8 percent from 5.6 percent in March (3.7 percent in April 2018).

Alternative Measures

The national unemployment rate in April was 3.6 percent, down from 3.8 percent in March (3.7 percent in April 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 April was 7.3 percent, the same as in March (7.4 percent in April 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 5/21/2019

 
 
 
 

 

 

Search This Site:

Custom Search