I The Muncie Evening Press Page 17 Friday, August 2, 1991 marketplace By TED Local BUCK jobless figures continue John Carter, director of Ball State shrunk from 60,870 residents to Evening Press reporter Delaware County's unemployment rate continued an encouraging downslide in June as it fell for the third month in a row to 5.7 percent. According to the Indiana Department of Employment and Training Services, the percentage of available workers who were out of jobs two months ago was down from 5.9 percent i in May. By comparison, the local jobless rate in June 1990 was 5.2 percent. The recession had boosted the rate to 9.7 percent this past March. "It's kind of optimistic that Muncie is turning around in this recovery just as quickly as the recovery is beginning," said University's Bureau of Business Research.
When adjusted for seasonal factors, the Muncie unemployment rate percent in June, down from 6.6 percent in May but up from 6 percent a year ago. Carter said Muncie was one of only four metropolitan areas in Indiana that experienced a drop in their jobless rates in June. The others were Fort Wayne, South Bend and New Albany. Specifically, the number of local residents unemployed fell by 260 to total 3,310 in June, but the number of working residents also dropped by 2,340 to total 54,960. Both numbers were down as the county's available labor force Selected New York Stocks NEW YORK (AP)-Midday national prices for selected New York Exchange Issues.
Sales Last Cho. -A 1421 727 3130 4159 2.76 38 913. AiskAir Alcan AlloPw 3.16 1.80 Alcoa 1.608 Amax AmHes ABrnd x1220 ACyan 1.50 809 AEIPW 2.40 AmExp 8726 AFamly AHome 1 AlmiGr 86 AmStr Amrich 3.40 Amelek Amoco AMP 1.44 Anacmo Anedrk Anheus Anthny 5.448 ArchOn .10 ArcAlsk Armco ArmWI Asholl Asarco 8-65 Atlas Augat AvervD Avon Avnet 1.408 25 461- Aydin Va -B-8- BakrHu 1374 BallyMf 170 BaliGE 2.10 307 30 BncOne 1.16 826 BKNY 1.52 730 1 BnkAm 1.20 3583 35 BankTr: 2.54 1799 58 Bausch .72 1094 0461 Baxter 74 1808 2.52 1527 BellSo 2.76 1336 2.60 587 Bngt8 35 BethSt 1981 1 Bevrly BlackD BickHR 1.76 BlockE I Boeing 180 Borden 1.14 2316 BostEd 1.58 68 1 2.40 4091 BritPt 4.75e 1011 Broadin .20 975 Cornin 65. CrayRs CwnCrk CumEn .20 59 39 CypSem 908 DDDPL 1.62 768 DOE 1.44 DanaCo 1.60 DataGn DaytHd Deere Delta Ar 1.20 DelEd 1.88 Digital DielCo 1.40 3 Disney Dole DomRs Dover DowCh Downs .76 Dres duPont 1.68 481- DukeP $1.72 Duraci 2725 EMC EastEn EKodak Eaton Echiin .70 EmrsEl 1.32 46 Enron 2.48 Ensch .800 Entergy 1.20 Ethyl 769 Exxon 2.68 4019 FMC FPL GP 2.40 1596 32 Feders FedExp FdHiml. FedNA 4944 FI8kSy 218 FCapHd 400 FstChic 959 Fintste 3276 FleetEn 32 FightS FlaPrg 2.74 Fluor 32 961 FordM 1.60 3278 FrotMc 1.508 940 GG GTE 1.70 4275 Gannett 1.24 755 GenCrp .60 239 Genic 1113 GnDyn 44 GenEl 2.04 73 GnHous GaMIN $1.48 GnMotr GM 1.50 GnSigni Gensco GaPac 1.60 1357 GrbPd 169 Gillete 3501 Glaxo 1.18e 5602 GIbM 2585 GIdWF 351 KCSou PupetP 1.76 1 KanGE 1.72 Quakr0 1.56 KansPL 1.86 Quak5C 80 Katyin 1 Qantel Kellogg 2.12 476 105 Quantm KerrMe 1.52 Quesir 1.02 1 KimbC 2.96 R-RKnghtR 1.40 RJR ND Kroger RatsPu $1.08 RangrO Ravihn 2.40 LAC 22 RdgBle LSI Reebok vILTV Laidhw8 RPR Lily RoHaas 46 Learni RiteAld LeeEnt Rockwi Limitd Rohr LincNt! 46 131- Litton Rowan LizClab RovID 2163 Loews Lockhd Ryder viLnStr SCEcp 619 1.70 SPSTec LaLand SallieM LaPac SalmFd 1.190 131- Lukens SFePC M- SaraLee MDU 1.44 SCANA 2.62 MirHan Schr PI 1.32 Manvile Schimb MAPCO Marriot Seagrm MartM Sears Masco SecPac Maxus ShellTr 130 Maytag Skyline McDerl SmthBc McDoni SmtB eq1.738 1500 Va McDnD Sonat 42 McGrH SonyCp McKes SouthCo 2.14 Mead SwAirl Mellon SwBell 2.84 Melvile Merest SwIPS StriBcp Merck StridRi StorTch Mice Te SunCo 1359 MdwRs Syntex MAiM 3.12 Sysco 673 MinnPL 1.90 T-T MirRsr1 TECO 350 Mobil 3.20 TRW Monsan $2.00 1062 713- Talley MonPw 1.48 179 Tandem 12 Morgan 1.98 2281 Tandy .60 Motoria .76 2358 TchSym 13 N-N NCNB 1612 Teldyn NCR 1.721 651 TemplE 1.88e 17 NIPSCO 1.16 546 Tennco 3.20 NL Ind Tesoro Naico Texaco NalFGs Texinst NIT 119 TexUm NMedE .92 Textron NiSemi 61.....
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15.33-16.12 Sagamore Growth 10.36-10.65 10.04-10.32 Segemore Bond Sagamore -Total Return 10.18-10.47 Marketplace memos to drop Manufacturing employment was Henry 9.3 up 200 in June. That's about how from 10.7 percent in many laid-off employees recalled in May by Borg- Warner Jay 8.8 percent, Automotive and New Venture May. Manufacturing jobs were still down Madison 6.8 300 from a year ago, however. from 7.2 percent. In other sectors, Glaze said Randolph 11.9 construction jobs increased from from 11 percent in May but retail trade jobs were highest in the state.
down slightly, even though the new Wal-Mart store opened June 1. The average employee workweek among local manufacturers in June increased to 44.9 hours, the highest in the state. "It still shows that somebody in town has a need for specialized workers that they aren't getting or aren't hiring," Carter said. Statewide, the June unemployment rate slipped to 5.9 percent. The unadjusted U.S.
rate for June was 6.9 percent. June unemployment rates for other area counties were: Blackford 11.7 percent, down from 12.6 percent in May and the second highest in the state. Grant 8.2 percent, down from 8.4 percent in May. percent, down May. unchanged percent, down percent, up May and the drops to 6.8 percent in July 58,270.
Part of that decline may be due to Ball State students leaving town for the summer. Unemployment insurance claims filed in the Muncie area totaled 1,027 for the week of June 22, down from 1,302 for the comparable week in May but up from 747 during the same week a year ago. Meanwhile, the number of jobs among Delaware County employers fell to 53,400 in June from 55,800 in May. A year ago, there were 53,500 local jobs. Most of the decline from May to June was due to the summer break at Ball State and other schools, according to Carter and Vicki Glaze, labor market analyst for IDETS in Muncie.
offset by continued job losses in industrial machinery and electronic equipment and a large decline in the food processing industry, the report said. In another sign of weakness, the average work week for production or non-supervisory workers fell by 0.4 percent hours, to 34.1 hours. That decline erased gains that had occurred the prior two months. By KAREN BALL Those developments were mostly AP labor writer WASHINGTON The nation's unemployment rate unexpectedly improved to 6.8 percent in July as the ranks of the jobless dropped by about 240,000, the government reported today. The unemployment rate fell 0.2 percentage points from June's fiveyear high of 7 percent, the Labor Department said in the government's first comprehensive look at the nation's economic performance last month.
The number of Americans on unemployment rolls decreased from about 8.7 7 million to 8.5 million, the report said. But the report included weak news on the economy, too. A separate survey of business establishments showed that companies continued to cut jobs last month, as payrolls fell by 51,000. The unemployment rate can fall, even with job losses, because the two numbers are derived from different surveys. In addition, the rate can go down if there are fewer Americans out looking for work or people just drop out of the job hunt.
Last month, the labor force shrank by 420,000. Janet Norwood, commissioner of the Bureau of Labor Statistics, noted that July's 6.8 percent jobless rate brought unemployment back to the level of March. In April, the rate had dropped to 6.6 percent and then rose again the following two months to hit 7 percent. "Statistics since the early spring show that the deterioration in the labor market has stopped, although significant job growth has yet to begin," Norwood said. While the drop in the unemployment rate was unexpected most analysts had predicted it would remain frozen at 7 percent the job loss number was a surprise.
Analysts had expected a jobs gain of about 50,000, and said a slight hiring rally would be in line with an economy staging a slow recovery 4 from the recession. But today's report showed mostly either flat hiring activity or job losses. July's data on hiring practices is particularly significant because July was the first month of the third quarter, and it is unclear yet whether economic growth that started in the April-June period will last into the remainder of the year. A week ago, the government reported that the economy began growing again in the second quarter, but the increase in the gross national product, or the total output of goods and services, was a barely perceptible 0.4 percent. It was the first quarterly growth following two straight declines.
Some economists are worried that there will be a "double dip" in the recession, or that the economy will fall back into a decline following the second quarter's tiny advance. The loss in July was not nearly as bad as the month payroll declines that hit the U.S. economy from January through April of this year, today's report noted. nEon In a bright 13,000 note, factory payrolls after grew by jobs in July, declining by 50,000 in June. Manufacturing has, in fact, been in a slide for most of the past two years.
Employment in motor vehicles, textiles and apparel rose, after seasonal adjustment, mostly because temporary plant shutdowns that usually occur at this time of year did not happen until after the Labor Department's survey period, the agency said. CREDIT ASSOCIATION OFFICERS Bill Lindsey of Muncie Federal Savings Bank has been elected president of the Consumer Credit Association for 1991-92. Other officers elected were: James Wert of Avondale Federal Credit Union, first vice president; Kathy Hartman of The Muncie Evening Press and The Muncie Star, second vice president; Judy Strough of Rogers Jewelers, secretary; and Terri Rickel of American National Bank and Trust treasurer. With 35 members, the nonprofit association represents credit collectors and lenders in Muncie and Delaware County. Lindsey Wert Hartman NEW SUPERVISOR Brenda Brinson of Middletown has been named a supervisor for Decor More, which sells home decor items, gifts and toys.
She will be responsible for hiring, training and supervising demonstrators in the Muncie, Anderson and New Castle areas. The company offers fund-raising programs for schools, churches and nonprofit organizations and publishes a wholesale catalog. INDIANA AGRICULTURE BOOK New information on the leading commodities and livestock produced in Indiana i is available in the 1991 edition of the state's "Indiana Agriculture" book. The 16-page book also provides information on transportation, agricultural exports, soil type and climate, agriculture in state government and agricultural education, research and extension. Free copies are available by writing or calling the Office of the Commissioner of Agriculture, One N.
Capitol suite 600, Indianapolis 46204. Phone: (317) 232-8770. After Aug. 15, write to: 150 W. Market suite 414, Indianapolis 46204.
DAYTON WALTHER SALES MANAGER James H. Clark of Farmington Hills, has been named national fleet sales manager for the heavy duty truck and trailer business of the Kelsey-Hayes Group of Companies, which includes Dayton Walther Corp. Clark will assemble and manage a field sales force to market Dayton Walther medium and heavy duty truck and trailer wheel-end components and Kelsey- Hayes medium-duty anti-lock brake systems to U.S. and Canadian truck fleets. He will report to Robert 1 F.
Dubsky, Dayton Walther vice president of sales and marketing. A native of Ontario, Clark joined Dayton Walther's Canadian division as general sales manager in 1986. He has also been a senior account manager at Dayton Walther's Livonia, office. Kelsey-Hayes is part of Toronto-based Varity which acquired Dayton Walther Corp. in 1986.
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