Chesterton Tribune

 

 

State jobless rate stable but mixed bag in NWI

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By KEVIN NEVERS

The state’s jobless rate remained stable in May at 3.6 percent, the same as in April (3.5 percent in May 2018), the Indiana Department of Workforce Development is reporting.

Indiana’s labor force decreased in May by 10,677 from April, the result of a decrease of 2,312 unemployed residents and a decrease of 8,365 employed ones. The state’s total labor force, which includes those employed and seeking employment, was 3.4 million in May, while the state’s 65-percent labor-force participation rate remains higher than the national rate of 62.8 percent.

Private sector employment has grown by 32,900 this year over 2018 but decreased in May by 1,200. The monthly decrease is chiefly due to losses in leisure and hospitality (-1,000); and financial activities (-900). Losses were partially offset by gains in manufacturing (+900); and private educational and health care services (+900).

Regionally and Locally

In Northwest Indiana, jobless rates were a mixed bag, with several wild fluctuations thrown in for good measure.

In Porter County the seasonally unadjusted unemployment rate in May fell to 3.2 percent, from 3.4 percent in April (3.6 percent in May 2018).

In Lake County the unemployment rate in May dropped by more than half a point, to 4.1 percent from 4.8 percent in April (4.5 percent in May 2018). In LaPorte County the unemployment rate in May fell by nearly half a point, to 3.7 percent from 4.1 percent in April (3.9 percent in May 2018).

In Chesterton the unemployment rate in May fell fractionally, to 3.2 percent from 3.3 percent in April (3.7 percent in May 2018).

In Valparaiso the unemployment rate in May dropped to 3.2 percent, from 3.4 percent in April (3.3 percent in May 2018).

In Portage the unemployment rate rose by nearly half a point, to 3.7 percent from 3.3 percent in April (3.6 percent in May 2018).

Unemployment rates elsewhere in May:

--In Gary the rate plummeted by a full point, to 6.2 from 7.2 from April (6.6 percent in May 2018).

--In East Chicago the rate also plummeted, by a point and a half, to 5.6 percent from 7.1 percent in April (5.8 percent in May 2018).

--In Hammond the rate also dropped by more than a full point, to 4.6 percent from 5.8 percent in April (4.7 percent in May 2018).

--In Michigan City the rate fell to 4.3 percent, from 4.5 percent in April (4.5 percent in May 2018).

--In LaPorte the rate dropped by half a point, to 3.4 percent from 3.9 percent in April (3.7 percent in May 2018).

Alternative Measures

The national unemployment rate in May was 3.6 percent, the same as in April (3.5 percent in May 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 May was 7.1 percent, down from 7.3 percent in April (7.3 percent in May 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 the 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 6/25/2019

 
 
 
 

 

 

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