Unemployment rates climb again around region in July

Elias Hubbard
August 23, 2017

The city of Bloomington reported a 4.4 percent unemployment rate as compared to last July's 5.6 percent. Auglaize County was 4.2 percent, a slight increase from 4 percent the month before.

IN remains lower than the national average, reporting a 3.4 unemployment percentage, which is a full percentage improvement compared to last year's report for the month of July. The U.S. had a seasonally-adjusted rate of 4.3 percent, which is down from 4.9 percent in July 2016 and 4.4 percent in June. Seasonal fluctuations include changes in weather, harvests, major holidays and school schedules, making year-to-year comparisons more accurate than month-to-month.

The department reports Tuesday the seasonally adjusted unemployment rate in Wyoming in July was 4 percent, down from 5.4 percent in July 2016. The numbers have not been adjusted for seasonal fluctuations.

Across the board, unemployment rates are on the decrease.

Economists differ on their definition of full employment, but most settle on a number between 4 percent and 5 percent. As they increased.6% from 5.3 in June to 5.9 in July.

During the same time, Howard County added 835 people to its labor force. The Statewide rate for unemployment rose from 5 percent in June to 5.2 percent in July.

Although the news might sound great, that depends on your role. Employers might have to increase wages and benefits to lure the most attractive candidates. "Regardless, the overall job market in northeast in is strong as compared to historic averages".

Other reports by Click Lancashire

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