Chesterton Tribune

 

 

January jobless rate down statewide, spikes here

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By KEVIN NEVERS

The state’s jobless rate fell fractionally in January, to 3.5 percent from 3.6 percent in December (3.3 percent in January 2018), and remains lower than the national rate in January of 4.0 percent, the Indiana Department of Workforce Development (DWD) is reporting.

Indiana’s unemployment rate has now been below the U.S. rate for more than five years, DWD said

The unemployment rate is a U.S. Bureau of Labor Statistics indicator reflecting the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.

Indiana’s labor force in January had a net increase of 7,613 over December, the result of an increase of 1,557 in unemployed residents and an increase of 6,057 in employed residents.

Indiana’s total labor force, which includes both employed Hoosiers and those seeking employment, stands at 3.39 million, while the state’s 65.1-percent labor force participation rate remains above the national rate of 63.2 percent.

Private sector employment grew by 35,200 over the past year and by 7,200 over the past month.

Notable monthly gains were seen in private educational and health services (+3,100); and trade, transportation, and utilities (+3,000). Notable losses were seen in professional and business services (-1,700).

Total private employment reached a preliminary record highpoint of 2,739,300, which is 7,200 above the new December 2018 peak.

Regionally and Locally

In Northwest Indiana, on the other hand, the jobless rate spiked in every community.

In Porter County the seasonally unadjusted unemployment rate in January rose by more than half a point, to 4.6 percent from 3.9 percent in December (4.2 percent in January 2018).

In Lake County the unemployment rate in January also rose by more than half a point, to 5.8 percent from 5.1 percent in December (5.3 percent in January 2018).

In LaPorte County the unemployment rate in January similarly rose by more than half a point, to 5.5 percent from 4.7 percent (5.1 percent in January 2018).

In Chesterton the unemployment rate in January rose by nearly a full point, to 4.4 percent from 3.5 percent in December (3.9 percent in January 2018).

In Valparaiso the unemployment rate in January rose by more than half a point, to 4.3 percent from 3.7 percent in December (3.8 percent in January 2018).

In Portage the unemployment rate in January rose by nearly a full point, to 5.4 percent from 4.5 percent in December (4.8 percent in January 2018).

Unemployment rates elsewhere in January:

--In Gary the rate rose by nearly half a point, to 7.3 percent from 6.9 percent in December (6.8 percent in January 2018).

--In East Chicago the rate rose by more than a full point, to 8.2 percent from 7.0 percent in December (7.0 percent in January 2018).

--In Hammond the rate rose by half a point, to 6.2 percent from 5.7 percent in December (5.5 percent in January 2018).

--In Michigan City the rate rose by half a point, to 5.5 percent from 5.0 percent (5.0 percent in January 2018).

--In LaPorte the rate rose by nearly half a point, to 5.4 percent from 5.0 percent (4.8 percent in January 2018).

Alternative Rate

Jumps to 8.1 Percent

The official national unemployment rate in January was 4.0 percent, up from 3.9 percent in December.

However--according to the U.S. Bureau of Labor Statistics--if “discouraged workers,” all other “marginalized workers,” and “total part-time for economic reasons” are included in the tally, then the unofficial unemployment rate in January was 8.1 percent, up from 7.6 percent in December.

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 3/15/2019

 
 
 
 

 

 

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