Chesterton Tribune

 

 

State touts jobs growth as unemployment rate worsens

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By KEVIN NEVERS

The state’s jobless rate rose in June to 8.4 percent, from 8.3 percent in May, the Indiana Department of Workforce Development (DWD) said on Thursday.

Even so, private sector employment in Indiana grew by 5,300 jobs in June, the third month in a row of significant increases. The bulk of growth came from the manufacturing sector, which expanded by 4,300 jobs over the month, the largest one month jump since August 2004. “Indiana continues to have the largest percentage of manufacturing jobs as a portion of the private sector in the U.S,” DWD said.

DWD added that the uptick in June’s unemployment rate was lower than that in most neighboring states.

“The manufacturing sector experienced the largest one-month increase in nearly a decade,” DWD Commissioner Scott Sanders said. “The majority of the growth occurred in durable goods, mainly in transportation equipment.”

Sanders also noted that private sector employment for June of 2,518,600 has not been near this level since June 2008 (2,530,600), and initial claims for unemployment insurance continue to remain at their lowest levels since 2000.

Sectors showing gains in June included manufacturing (+4,300); trade, transportation and utilities (+4,200); private educational and health services (+400); and financial activities (+200).

Sectors showing declines in June included construction (-2,600); professional and business services (-1,900); and leisure and hospitality (-600).

Total non-farm employment increased in June (+9,100).

Regionally, Locally

Here in Northwest Indiana unemployment rates generally spiked in June.

In Porter County the unemployment rate in June rose by half a point, to 8.4 percent from 7.9 percent (7.7 percent in June 2012). Throughout the county 6,982 people were looking for work in June, an increase of 6.9 percent over May (an increase of 7.4 percent since June 2012).

In Lake County the unemployment rate in June increased by more than half a point, to 10.4 percent from 9.8 percent in May (9.5 percent in June 2012). In LaPorte County the unemployment rate in June rose marginally to 10.2 percent, from 10.1 percent in May (9.6 percent in June 2012).

In Chesterton the unemployment rate in June swelled by more than half a point, to 7.9 percent from 7.2 percent in May (6.4 percent in June 2012). A total of 541 people was looking for work in June, an increase of 11.3 percent over May (an increase of 23.5 percent since June 2012).

In Valparaiso the unemployment rate in June similarly spiked by more than half a point, to 7.9 percent from 7.2 percent in May (8.1 percent in June 2012). A total of 1,261 people was looking for work in June, an increase of 9.8 percent over May (a decrease of 5.0 percent since June 2012).

In Portage the unemployment rate in June rose by more than half a point, to 9.6 percent from 9.3 percent in May (9.3 percent in June 2012). A total of 1,726 people was looking for work in June, an increase of 3 percent over May (an increase of 1.8 percent since June 2012).

Unemployment rates elsewhere in June:

* In Gary the rate rose to 14.9 percent, from 14.2 percent in May (14.1 percent in June 2012).

* In East Chicago the rate rose by nearly a point and a half, to 13.7 percent from 12.3 percent in May (15.7 percent in June 2012).

* In Hammond the rate also rose by more than a full point, to 11.5 percent from 10.3 percent in May (9.6 percent in June 2012).

* In Michigan City the rate was stable at 11.7 percent, the same as in May (11.2 percent in June 2012).

* In LaPorte the rate was similarly stable at 9.1 percent, the same as in May (9.0 percent in June 2012).

Alternative Measures

The official national unemployment rate in June was 8.2 percent, up from 8.0 percent in May (8.9 percent in June 2012).

However--according to the U.S. Bureau of Labor Statistics--if “discouraged workers,” all other “marginally attached workers,” and “total employed part-time for economic reasons’ are included in the tally, the unofficial unemployment rate in June was 14.3 percent, up from 13.8 percent in May (15.1 percent in June 2012).

“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 work but have had to settle for a part-time schedule.”

 

 

Posted 7/19/2013