The state’s jobless
rate in May was stable at 3.2 percent, the same as in April, and remained
lower than the national rate of 3.8 percent, the Indiana Department of
Workforce Development (DWD) is reporting.
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.
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 15,928 over the previous month. This was a result of a 2,659
increase in unemployed residents and an increase of 13,269 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 64.3 ‘percent labor force participation rate remains above the
national rate of 62.7 percent.
Indiana's initial unemployment insurance claims continue to be at historical
lows, DWD said.
employment has grown by more than 26,600 over the year, and has increased by
1,300 over April primarily due to gains in financial activities (+1,300);
and trade, transportation and utilities (+1,100).
partially offset by losses in the leisure and hospitality (-1,900); and
employment stands at 2,701,800 and is 12,900 above the December 2017 peak,
Here in Northwest
Indiana, on the other hand, the jobless rate which had been dropping
significantly over the past two months either stabilized or began creeping
back up in May.
In Porter County
the seasonally unadjusted unemployment rate in May rose to 3.6 percent, from
3.4 percent in April (3.6 percent in May 2017).
In Lake County the
unemployment rate in May increased fractionally, to 4.5 percent from 4.4
percent in April (4.5 percent in May 2017). In LaPorte County the
unemployment rate in May was stable at 3.9 percent, the same as in April
(3.9 percent in May 2017).
In Chesterton the
unemployment rate in May rose by fully half a point, to 3.7 percent from 3.2
percent in April (3.3 percent in May 2017).
In Valparaiso the
unemployment rate in May increased by nearly half a point, to 3.3 percent
from 3.0 percent in April (3.6 percent in May 2017).
In Portage the
unemployment rate in May rose to 4.1 percent, from 3.9 percent in April (4.1
percent in May 2017).
elsewhere in May:
* In Gary the rate
rose to 6.6 percent from 6.4 percent in April (6.7 percent in May 2017).
* In East Chicago
the rate was stable at 5.9 percent, the same as in April (6.5 percent in May
* In Hammond the
rate rose increased fractionally, to 4.7 percent from 4.6 percent in April
(4.8 percent in May 2017).
* In Michigan City
the rate rose by nearly half a point, to 4.5 percent from 4.2 percent in
April (4.6 percent in May 2017).
* In LaPorte the
rate increased fractionally, to 3.7 percent from 3.6 percent in April (4.0
percent in May 2017).
national unemployment rate in May was 3.8 percent, down from 3.9 percent in
April (4.1 percent in May 2017).
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
May was 7.6 percent, down from 7.8 percent in May (8.1 percent in May 2017).
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.”
workers” are not currently looking for work for several reasons, including
their belief that no job is available for them in their line or in their
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.”