Chesterton Tribune

 

 

State and local jobless numbers continue to drop

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By KEVIN NEVERS

The state’s jobless rate in August fell by fully a point and a half, to 6.4 percent from 7.9 percent in July (3.2 percent in August 2019), the Indiana Department of Workforce Development (DWD) is reporting.

“Indiana’s labor force had a net increase of 41,752 over the previous month,” DWD said. “This was a result of a decrease of 46,693 unemployed residents and an increase of 88,455 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.36 million, and the state’s 63.5-percent labor-participation rate is above the national rate of 61.7 percent.”

Private sector employment has decreased by 103,000 since the beginning of the year, but in August increased by 32,700 over July. That increase is due chiefly to gains in trade, transportation, and utilities (+7,200); private education and health services (+6,000); and professional business services (+6,000).

Total private employment stands at 2,631,000, or 118,300 below the January 2019 peak.

Regionally and Locally

The significant drop in the statewide unemployment rate in August was matched by similar or greater decreases throughout Northwest Indiana.

In Porter County, the seasonally unadjusted unemployment rate fell in August by more than two full points, to 7.2 percent from 9.5 percent in July (3.7 percent in August 2019).

In Lake County the rate in August dropped by two full points, to 9.4 percent from 11.4 percent in July (4.6 percent in August 2019). In LaPorte County the rate also fell by two full points, to 8.5 percent from 10.5 percent in July (3.8 percent in August 2019).

In Chesterton, the unemployment rate in August dropped by more than two full points, to 7.4 percent from 9.5 percent in July (3.8 percent in August 2019).

In Valparaiso, the rate in August similarly fell by more than two full points, to 6.9 percent from 9.0 percent in July (3.2 percent in August 2019).

In Portage, the rate dropped by nearly two and a half points, to 9.4 percent from 11.8 percent in July (4.4 percent in August 2019).

Unemployment rates elsewhere in August:

-- In Gary the rate fell to 15.8 percent, from 18.0 percent in July (7.5 percent in July).

-- In East Chicago the rate fell by two and a half points, to 13.0 percent from 15.5 percent in July (6.4 percent in August 2019).

-- In Hammond the rate fell by nearly two full points, to 9.7 percent from 11.6 percent in July (5.1 percent in August 2019).

-- In Michigan City the rate dropped by more than two full points, to 11.9 percent from 14.3 percent in July (4.7 percent in August 2019).

-- In LaPorte the rate also fell by nearly two and a half points, to 8.1 percent from 10.5 percent (3.9 percent in August 2019).

Alternative Measures

In August the national unemployment rate dropped by nearly two full points, to 8.4 percent from 10.2 percent in July (3.8 percent in August 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 August was 14.2 percent, down from 16.5 percent in July (7.3 percent in August 2019).

 

 

Posted 9/22/2020

 
 
 
 

 

 

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