Chesterton Tribune

 

 

Jobless rates in September down statewide and here in NWI

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By KEVIN NEVERS

The state’s jobless rate in September fell to 3.2 percent, from 3.3 percent in August (3.5 percent in September 2018), the Indiana Department of Workforce Development is reporting.

That figure remains lower than the national rate of 3.5 percent. The last time Indiana’s unemployment rate was lower than 3.2 percent was December 2000.

In September Indiana’s labor force had a net decrease of 2,722 from August. This was the result of a decrease of 2,934 unemployed residents and an increase of 212 employed residents. Indiana’s total labor force, which include both employed Hoosiers and those seeking employment, stands at 3.38 million, and the state’s 64.5 labor-force participation rate remains above the national rate of 63.2 percent.

Private sector employment has grown by 21,500 over the year but in September decreased by 3,400 from August. This decrease is primarily due to losses in leisure and hospitality (-2,000); and manufacturing (-1,000). Losses were partially offset by gains in construction (+1,700); and financial activities (+400). Total private unemployment stands at 2,737,700, which is 5,600 above the December 2018 peak.

Regionally and Locally

Meanwhile, in Northwest Indiana, jobless rates were generally down in September.

In Porter County, the seasonally unadjusted unemployment rate in September slid to 3.3 percent, from 3.5 percent in August (3.4 percent in September 2018).

In Lake County the unemployment rate in September was 4.3 percent, down from 4.3 percent in August (4.5 percent in September 2018). In LaPorte County the unemployment rate in September dropped by nearly half a point, to 3.6 percent from 4.0 percent in August (3.8 percent in September 2018).

In Chesterton the unemployment rate in September was stable at 3.7 percent, the same as in August (3.0 percent in September 2018).

In Valparaiso, the unemployment rate in September dropped by fully half a point, to 2.7 percent from 3.2 percent in August (3.3 percent in September 2018).

In Portage the unemployment rate in September fell to 4.1 percent, from 4.2 percent in August (3.9 percent in September 2018).

Unemployment rates elsewhere in September:

--In Gary the rate fell by more than half a point, to 6.6 percent from 7.2 percent in August (7.3 percent in September 2018).

--In East Chicago the rate dropped to 5.9 percent, from 6.1 percent in August (6.1 percent in September 2018).

--In Hammond the rate slid to 4.7 percent, from 4.9 percent in August (4.4 percent in September 2018).

--In Michigan City the rate fell by almost half a point, to 4.2 percent from 4.6 percent in August (4.0 percent in September 2018).

--In LaPorte the rate dropped to 3.7 percent, from 3.8 percent in August (4.1 percent in September 2018).

Alternative Measures

The national unemployment rate in September was stable at 3.5 percent, down from 3.7 percent in August (3.6 percent in September 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 September was 6.9 percent, down from 7.2 percent in August (7.1 percent in September 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 10/22/2019

 
 
 
 

 

 

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