Chesterton Tribune

 

 

State jobless rate inches down in November

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By KEVIN NEVERS

The state’s jobless rate in November dropped to 5.0 percent, from 5.5 percent in October (3.2 percent in November 2019), the Indiana Department of Workforce Development (DWD) is reporting.

Indiana’s labor force saw a net decrease in November of 40,274 from October. “This was a result of a decrease of 17,345 unemployed residents and a decrease of 22,929 employed Hoosiers,” DWD said. “Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.33 million, and the state’s 62.9 million percent labor-force participation rate remains above the national rate of 61.5 percent.”

Private sector employment has decreased by 87,600 over the year and in November by 200 from October. This decrease is chiefly due to losses in professional and business services (-3,800); and leisure and hospitality (-3,000). Losses were offset by gains in construction (+3,700); and in “other,” including mining and logging, IT, and other services (+2,300).

Total employment stands at 2,643,400, which is 105,900 below the January 2019 peak.

Regionally and Locally

In Porter County, the seasonally unadjusted unemployment rate in November fell to 5.2 percent, from 5.4 percent in October (3.4 percent in November 2019).

In Lake County, the rate in November dropped to 7.4 percent, from 7.8 percent in October (4.4 percent in November 2019). In LaPorte County, the rate in November fell to 6.9 percent, from 7.0 percent in October (3.7 percent in November 2019).

In Chesterton, the rate in November rose fractionally, to 5.8 percent from 5.7 percent in October (3.2 percent in November 2019).

In Valparaiso, the rate in November fell by fully half a point, to 4.7 percent from 5.2 percent in October (3.2 percent in November 2019).

In Portage, the rate in November dropped to 6.6 percent, from 6.9 percent in October (3.9 percent in November 2019).

Unemployment rates elsewhere in November:

-- In Gary the rate fell by more than half a point, to 15.1 percent from 15.7 percent in October (6.7 percent in November 2019).

-- In East Chicago the rate dropped by more than a full point, to 11.7 percent from 13.0 percent in October (5.8 percent in November 2019).

-- In Hammond the rate fell to 8.4 percent, from 8.7 percent in October (4.8 percent in November 2019).

-- In Michigan City the rate dropped to 9.8 percent, from 10.2 percent in October (4.2 percent in November 2019).

-- In LaPorte the rate fell to 6.6 percent, from 7.2 percent in October (3.9 percent in November 2019).

Alternative Measures

In November the national unemployment rate was 6.7 percent, down from 6.9 percent in October (3.3 percent in November 2019).

However--according to the U.S. Bureau of Labor Statistics--if marginal workers, discouraged workers, and workers employed part-time for economic reasons are included in the tally, then the unofficial unemployment rate in November was 12.0 percent, down from 12.1 percent in October (6.5 percent in November 2019).

 

Posted 12/22/20

 
 
 
 

 

 

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