Chesterton Tribune

 

 

Jobless rate dips statewide, plummets locally regionally

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By KEVIN NEVERS

Indiana’s seasonally adjusted jobless rate in August fell to 8.1 percent, from 8.4 percent in July, the largest one-month decrease since January 2011, the Indiana Department of Workforce Development (DWD) said a statement released today.

“The Hoosier State also added 3,000 manufacturing jobs last month, halting a recent, short-lived decline,” the statement said. “Indiana’s trend of manufacturing prominence continues, as the state maintains its position of having a higher percentage of manufacturing jobs as a portion of the private sector than any other state.”

Meanwhile, the private educational and health services sector grew by 3,000 jobs in August as well.

Despite a sizable decrease in the rate of unemployment and increase in manufacturing, Indiana’s private sector as a whole decreased in August by 2,900 jobs, as losses in the trade, transportation and utilities and construction sectors offset gains, the statement added.

“The significant decrease in Indiana’s unemployment rate in August is definitely encouraging but the fact is too many Hoosiers are still unemployed,” DWD Commissioner Scott Sanders said. “This underscores the need to bring unemployed individuals into WorkOne following their fourth week of receiving benefits. It is vital we get folks on the path to reemployment as soon as possible.”

Sanders also noted initial claims for unemployment insurance this year are still at their lowest levels since 2000.

Sectors showing gains in August included manufacturing (+3,000); private educational and health services (+3,000); and financial activities (+900).

Sectors showing declines in August included trade, transportation and utilities (-4,900); construction (-1,900); professional and business services (-1,800); and leisure and hospitality (-300).

Total non-farm employment increased in August (+6,500).

Regionally, Locally

Here in Northwest Indiana unemployment was generally down and in some cases way down.

In Porter County the seasonally unadjusted unemployment rate in August fell by more than half a point, to 7.6 percent from 8.2 percent in July (7.9 percent in August 2012). Throughout the county 6,276 people were looking for work in August, a decrease of 8.3 percent from July (a decrease of 3.8 percent since August 2012).

In Lake County the unemployment rate in August fell to 9.4 percent, from 10.1 percent in July (9.6 percent in August 2012). In LaPorte County the unemployment rate in August dropped by nearly a full point, to 9.1 percent from 9.9 percent in July (10.1 percent in August 2012).

In Chesterton the unemployment rate in August dropped to 6.5 percent, from 6.8 percent in July (6.7 percent in August 2012). A total of 443 people was looking for work in August, a decrease of 3.7 percent from July (a decrease of 1.8 percent since August 2012).

In Valparaiso the unemployment rate in August fell by almost a full point, to 7.0 percent from 7.8 percent (7.9 percent in August 2012). A total of 1,109 people was looking for work in August, a decrease of 11.6 percent from July (a decrease of 12.6 percent since August 2012).

In Portage the unemployment rate in August also fell by nearly a full point, to 9.3 percent from 10.1 percent in July (9.7 percent in August 2012). A total of 1,672 people was looking for work in August, a decrease of 8.6 percent from July (a decrease of 4.8 percent since August 2012).

Unemployment rates elsewhere in August:

* In Gary the rate fell to 14.1 percent, from 14.9 percent in July (14.1 percent in August 2012).

* In East Chicago the rate plummeted by more than a full point, to 12.1 percent from 13.3 percent in July (13.8 percent in August 2012).

* In Hammond the rate dropped to 10.0 percent, from 10.8 percent in July (10.0 percent in August 2012).

* In Michigan City the rate dropped by more than a full point, to 10.4 percent from 11.6 percent in July (12.1 percent in August 2012).

* In LaPorte the rate also dropped by more than a full point, to 7.9 percent from 9.1 percent in July (9.0 percent in August 2012).

Alternative Measures

The official national unemployment rate in August was 7.3 percent, down from 7.4 percent in July (8.2 percent in August 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 August was 13.7 percent, down from 14.0 percent in July (14.6 percent in August 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 9/20/2013