Comments on economics, mystery fiction, drama, and art.

Wednesday, August 03, 2011

How things are going in Northwest Indiana

It's my luck to live and work in northwest Indiana, and so I have an inordinate interest in economic conditions in northwest Indiana, which can, I'm sorry to say, be depressing.  As, for example, this:

Between June 1990 and June 2011, Household Employment in Northwest Indiana fell at an average annual rate of 0.13%, while Establishment Employment also fell, at an average annual rate of 0.09%.

But this is not quite fair, as employment had declined significantly from its cyclical peak (in, as it happens, June 2008)—Household Employment and Establishment Employment are both down by 9.6%

So, let’s look at average annual growth in employment from June 1990 to June 2008:
Household Employment:        +0.46%
Establishment Employment:   +0.41% 

In both cases, that’s a total increase of about 7.7% over 18 years…By contrast, total Establishment Employment grew between June 1990 and June 2011, at the following average annual rates in:

Indiana:                                   +0.90%
US:                                          +1.25%

(My excuse for starting with 1990 data is that earlier data are not available for northwest Indiana...Also, I should note that the household and establishment data for NWI are on a slightly different geographic basis.)


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