Tuesday, January 27, 2009

Indiana jobless jump among nation's highest

Indiana jobless jump among nation's highest: "Indiana's unemployment rate reached 8.2 percent in December - the highest it has been since President Ronald Reagan began his second term in office.

The state's rate in December shot up 1.1 percentage points, pushing the figure to its highest point since February 1985, according to the U.S. Bureau of Labor Statistics.

Indiana has the dubious distinction of joining South Carolina as the only state in the nation to log such a large increase.

'This is big; that's a huge jump,' said Philip Powell, an associate professor of business economics at the Indiana University Kelley School of Business."

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