Chesterton Tribune

 

 

State jobless rate stable in October; mixed here

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By KEVIN NEVERS

The state’s jobless rate in October was stable at 3.2 percent, the same as in September (3.5 percent in October 2018), the Indiana Department of Workforce Development (DWD) is reporting.

The 3.2 rate is lower than the national rate of 3.6 percent.

Indiana’s labor force had a net increase of 567 jobs in October, the result of a decrease of 1,397 unemployed residents and an increase of 1,964 employed residents, DWD said.

Indiana’s total labor force, which includes Hoosiers both employed and seeking employment, stands at 3.38 million, while the state’s 64.4-percent labor force participation rate remains above the national rate of 63.3 percent.

Private-sector employment has grown by 16,500 over the year but in October decreased by 2,000. This monthly decrease is chiefly due to losses in manufacturing (-4,000); and in trade, transportation, and utilities (-2,000).

Losses were partially offset by gains in leisure and hospitality (+2,100); and professional and business services (+1,500).

Regionally and Locally

Meanwhile, here in Northwest Indiana, jobless rates were generally mixed.

In Porter County, the seasonally unadjusted unemployment rate in October was down fractionally to 3.2 percent, from 3.3 percent in September (3.5 percent in October 2018).

In Lake County the unemployment rate in October was also down fractionally to 4.2 percent, from 4.3 percent in September (3.5 percent in October 2018). In LaPorte County the unemployment rate in October similarly fell, to 3.5 percent from 3.6 percent in September (4.0 percent in October 2018).

In Chesterton the unemployment rate in October fell by half a point, to 3.1 percent from 3.6 percent in September (3.3 percent in October 2018).

In Valparaiso the unemployment rate in October rose to 2.9 percent, from 2.7 percent in September (3.5 percent in October 2018).

In Portage the unemployment rate in October fell to 4.0 percent, from 4.1 percent in September (3.9 percent in October 2018).

Unemployment rates elsewhere in October:

--In Gary the dropped to 6.4 percent from 6.7 percent in September (7.3 percent in October 2018).

--In East Chicago the rate was stable at 5.9 percent, the same as in September (6.0 percent in October 2018).

--In Hammond the rate was stable at 4.7 percent, the same as in September (4.7 percent in October 2018).

--In Michigan City the rate fell to 3.9 percent, from 4.2 percent in September (4.4 percent in October 2018).

--In LaPorte the rate rose to 3.8 percent, from 3.6 percent in September (4.1 percent in October 2018).

Alternative Measures

The national unemployment rate in October was 3.6 percent, up from 3.5 percent in September (3.8 percent in October 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 October was 7.0 percent, up from 6.9 percent in September (7.0 percent in October 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 11/21/2019

 

 

 
 
 
 

 

 

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