Chesterton Tribune

 

 

States jobless rate falls in July but unemployment still on the rise in NWI

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By KEVIN NEVERS

The state’s jobless rate in July fell to 3.4 percent, from 3.5 percent in June (3.5 percent in July 2018), the Indiana Department of Workforce Development (DWD) is reporting.

The 3.4-percent rate remains lower than the national rate in July of 3.7 percent.

“The last time Indiana’s unemployment rate was 3.4 percent was in April 2018,” DWD noted.

“Indiana’s labor force had a net decrease of 6,608 from the previous month,” DWD said. “This was a result of a decrease of 1,274 unemployed residents and a decrease of 5.334 employed residents,” DWD said. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands a 3.38 million, and the state’s 64.6-percent labor-participation rate remains above the national average of 63.0 percent.”

Private-sector employment has grown by 27,300 over the year but has decreased by 1,300 from the previous month, DWD added. This drop is chiefly due to losses in the leisure and hospitality sector (-1,500); and in trade, transportation, and utilities (-700).

Those losses were partially offset by increases in private educational and health services (+1,500); and in financial activities (+300).

Regionally and Locally

The statewide jobless rate may have dropped in July but in Northwest Indiana unemployment rates continue to rise, after spiking in June.

In Porter County the seasonally unadjusted unemployment rate in July rose to 3.9 percent, from 3.6 percent in June (3.9 percent in July 2018).

In Lake County the unemployment rate in July increased by half a point, to 5.0 percent from 4.5 percent in June (4.9 percent in July 2018). In LaPorte County the unemployment rate in July also rose, to 4.3 percent from 4.1 percent in June (4.2 percent in July 2018).

In Chesterton the unemployment rate in July was 3.8 percent, up from 3.5 percent in June (3.9 percent in July 2018).

In Valparaiso the unemployment rate in July was 3.7 percent, up from 3.5 percent in June (3.6 percent in July 2018).

In Portage the unemployment rate in July was 4.7 percent, up half a point from 4.2 percent in June (4.3 percent in July 2018).

Unemployment rates elsewhere in July:

--In Gary the rate spiked by nearly a full point, to 8.0 percent from 7.1 percent in June (7.4 percent in July 2018).

--In East Chicago the rate remained stable at 6.8 percent, the same as in June (6.6 percent in July 2018).

--In Hammond the rate rose by half a point, to 5.5 percent from 5.0 percent in June (5.2 percent in July 2018).

--In Michigan City the rate rose by nearly half a point, to 5.2 percent from 4.8 percent in June (4.7 percent in July 2018).

--In LaPorte the rate increase to 4.1 percent from 3.8 percent in June (3.8 percent in July 2019).

Alternative Measures

The national unemployment rate in July was stable at 3.7 percent, the same as in June (4.1 percent in July 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 July was 7.0 percent, down from 7.2 percent in June (7.9 percent in July 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 8/20/2019

 
 
 
 

 

 

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