Chesterton Tribune

 

 

State jobless rate stable in April but in NWI it continues to drop

Back To Front Page

 

By KEVIN NEVERS

The state’s jobless rate in April was stable at 3.2 percent, the same as in March, and remained lower than the national rate of 3.9 percent, the Indiana Department of Workforce Development (DWD) reported last week.

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 11,655 over the previous month. This was a result of an increase of 737 unemployed residents and an increase of 10,918 employed residents. Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 64.0 percent labor force participation rate remains above the national rate of 62.8 percent.

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

Private sector employment has grown by more than 23,900 in 2018, DWD noted, but decreased by 7,000 since March, primarily due to losses in the trade, transportation and utilities sector (-2,500) and in the construction sector (-2,300).

Losses were partially offset by gains in the “other” sector (+1,200), which includes mining and logging, IT and other services; and in the manufacturing sector (+400) sectors.

Total private employment stands at 2,698,400 and is 9,500 above the December 2017 peak.

Regionally and Locally

Here in Northwest Indiana, on the other hand, the jobless rate continued to drop significantly in April, following a drop in March, after spiking for several months.

In Porter County the seasonally unadjusted unemployment rate in April dropped by half a point, to 3.4 percent from 3.9 percent in March (3.6 percent in April 2017).

In Lake County the unemployment rate in April fell by more than half a point, to 4.4 percent from 5.1 percent in March (4.5 percent in April 2017). In LaPorte County the rate in April also dropped by more than half a point, to 3.9 percent from 4.6 percent in March (3.9 percent in April 2017).

In Chesterton the unemployment rate in April fell by more than half a point, to 3.2 percent from 3.9 percent in March (3.6 percent in April 2017).

In Valparaiso the unemployment rate in April dropped to 3.0 percent, from 3.3 percent in March (3.2 percent in April 2017).

In Portage the unemployment rate in April fell by more than half a point, to 3.9 percent from 4.6 percent in March (4.4 percent in April 2017).

Unemployment rate elsewhere in April:

* In Gary the rate dropped by more than half a point, to 6.4 percent from 7.1 percent in March (6.6 percent in April 2017).

* In East Chicago the rate plummeted by more than a full point, to 5.9 percent from 7.2 percent in March (6.7 percent in April 2017).

* In Hammond the rate fell by nearly a full point, to 4.6 percent from 5.5 percent in March (4.8 percent in April 2017).

* In Michigan City the rate dropped by half a point, to 4.2 percent from 4.7 percent in March (4.4 percent in April 2017).

* In LaPorte the rate fell by more than half a point, to 3.6 percent from 4.3 percent in March (4.0 percent in April 2017).

Alternative Measure

The official national unemployment rate in April was 3.9 percent, down from 4.1 percent in March (4.1 percent in April 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 April was 7.8 percent, down from 8.0 percent in March (8.1 percent in April 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 5/22/2018

 
 
 
 

 

 

Search This Site:

Custom Search