Chesterton Tribune

 

 

State jobless rate drops to 7.3 percent; numbers mixed here

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By KEVIN NEVERS

Indiana’s jobless rate fell in November to 7.3 percent, from 7.5 percent in October, “lower than all neighboring states,” the Indiana Department of Workforce Development said in a statement released today.

Indiana gained 25,300 private sector jobs in November, the largest one-month increase in the state on record, DWD said. All employment sectors saw significant growth, with the exception of the leisure and hospitality sector, which was unchanged for the month.

Indiana was responsible for nearly 13 percent of the nation’s private sector job growth in November, and fewer Hoosiers are now unemployed (232,400) than in November of 2008 (240,600).

“Today's job numbers are welcome news to every Hoosier and are a testament to the hard working people of our state and the businesses that power Indiana's economy every day,” Gov. Mike Pence said. “The continued downward trend in unemployment and the significant growth in private sector jobs demonstrate that Indiana's economy is strong and growing stronger every day.”

“November was a historic month of job growth in Indiana,” DWD Commissioner Scott Sanders said. “It is encouraging that fewer Hoosiers are unemployed than in November of 2008, and the unemployment rate has dropped by more than a percentage point over the past few months. However, we need to keep the ball moving by strengthening Indiana’s pro-growth climate.”

Sanders also noted that claims for unemployment insurance continue to be at their lowest levels since 2000.

Sectors showing gains in November include trade, transportation, and utilities (+6,800); construction (+5,400); manufacturing (+4,800); professional and business services (+4,700); financial activities (+1,300); and private educational and health services (+600).

No sectors showed declines in November.

Total non-farm employment also increased in November (+25,200).

Regionally, Locally

In Porter County the seasonally unadjusted jobless rate in November jumped by nearly half a point, to 7.3 percent from 6.9 percent in October (7.7 percent in November 2012). Throughout the county 6,070 people were looking for work in November, an increase of 7.1 percent from October (a decrease of 3.8 percent since November (2012).

In Lake County the unemployment rate in November rose to 9.1 percent, from 9.0 percent in October (9.4 percent in November 2012). In LaPorte County the unemployment rate in November increased to 8.9 percent, from 8.5 percent (9.8 percent in November 2012).

In Chesterton the unemployment rate in November spiked by nearly a full point, to 6.6 percent from 5.7 percent in October (7.5 percent in November 2012). A total of 453 people was looking for work in November, an increase of 17.4 percent from October (a decrease of 11.0 percent since November 2012).

In Valparaiso the unemployment rate in November rose by fully half a point, to 7.0 percent from 6.5 percent in October (7.2 percent in November 2012). A total of 1,122 people was looking for work in November, an increase of 9.5 percent since October (a decrease of 1.4 percent since November 2012).

In Portage the unemployment rate in November dipped to 8.4 percent, from 8.5 percent in October (9.3 percent in November 2012). A total of 1,517 people was looking for work in November, an increase of 0.1 percent from October (a decrease of 9.3 percent since November 2012).

Unemployment rates elsewhere in November:

* In Gary the rate dropped to 13.0 percent, from 13.2 percent in October (13.2 percent in November 2012).

* In East Chicago the rate rose by half a point, to 12.0 percent from 11.5 percent in October (12.5 percent in November 2012).

* In Hammond the rate slipped to 9.7 percent, from 9.8 percent in October (9.9 percent in November 2012).

* In Michigan City the rate remained stable at 9.5 percent, the same rate as in October (11.2 percent in November 2012).

* In LaPorte the rate dropped by almost half a point, to 6.6 percent from 7.0 percent in October (7.4 percent in November 2012).

Alternative Measures

The official national unemployment rate in November was 7.0 percent, down from 7.3 percent in October (7.4 percent in November 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 November was 13.2 percent, down from 13.8 percent in October (13.9 percent in November 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 12/20/2013