Chesterton Tribune

 

 

Unemployment rate down statewide but up in the Region

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By KEVIN NEVERS

The state’s jobless rate in June fell to 3.0 percent--down from 3.2 percent in May--and remains well below the national rate of 4.4 percent, the Indiana Department of Workforce Development (DWD) is reporting.

The unemployment rate is a U.S. Bureau of Labor Standards statistic which reflects the number of unemployed people as a percentage of the labor force. Indiana’s labor force dropped by 2,427 from the previous month, with a 4,088 increase in employment and a 6,515 decrease in unemployment, DWD said.

“We are pleased to see Indiana’s unemployment rate go lower this past month and stay at its lowest levels since the mid-1990s,” DWD Commissioner Steven Braun said. “We at the Department of Workforce Development remain focused on assisting Hoosiers who are unemployed or underemployed. I encourage them to visit their local WorkOne Career Centers and utilize the free resources and job assistance programs available to them.”

“The decreasing unemployment rate is a direct correlation to the state’s constricting labor market,” DWD said. “DWD’s long-term challenge is developing the workforce to meet the projected employer demand of filling more than 1 million jobs over the next 10 years.”

Notable private-sector gains in June were in professional and business services (+3,500); and private educational and health services (+3,000).

Those gains were partially offset by losses in transportation, trade, and utilities (-1,700); and construction (-900).

Regionally, Locally

Here in Northwest Indiana, unemployment rates in June edged up, after plummeting this spring.

In Porter County the seasonally unadjusted unemployment rate in June rose to 3.4 percent, from 3.2 percent in May (5.3 percent in June 2016). Throughout Porter County, 2,978 people were looking for work in June, up 9.7 percent over May (down 35 percent since June 2016).

In Lake County the unemployment rate in June increased to 4.2 percent, from 4.0 percent in May (6.3 percent in June 2016). In LaPorte County the unemployment rate in June rose to 3.8 percent, from 3.5 percent in May (5.8 percent in June 2016).

In Chesterton the unemployment rate in June increased to 3.3 percent, from 3.0 percent in May (5.4 percent in June 2016). A total of 226 people was looking for work in June, up 13 percent over May (down 39.4 percent since June 2016).

In Valparaiso the unemployment rate in June rose to 3.4 percent, from 3.2 percent in May (4.9 percent in June 2016). A total of 562 people was looking for work in June, up 9.1 percent over May (down 30.4 percent since June 2016).

In Portage the unemployment rate in June increased to 3.9 percent, from 3.6 percent in May (6.3 percent in June 2016). A total of 705 people was looking for work in June, up 8.5 percent over May (down 38.9 percent since June 2016).

Unemployment rates elsewhere in June:

* In Gary the rate rose up nearly half a point, to 6.3 percent from 5.9 percent in May (8.9 percent in June 2016).

* In East Chicago the rate increased to 6.0 percent, from 5.7 percent in May (9.2 percent in June 2016).

* In Hammond the rate rose to 4.5 percent, from 4.3 percent in May (6.5 percent in June 2016).

* Michigan City the rate increased by nearly half a point, to 4.5 percent from 4.1 percent in May (6.7 percent in June 2016).

Alternative Measures

The official national unemployment rate in June was 4.4 percent, up from 4.3 percent in May (5.1 percent in June 2016).

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 June was 8.6 percent, up from 8.4 percent in May (9.9 percent in June 2016).

“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 7/25/2017

 

 
 
 
 

 

 

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