Indiana’s unemployment rate has soared to a record 16.9 percent, as the full impact of the coronavirus pandemic comes into focus.
Indiana’s unemployment rate went up fivefold in April to spike from the 10th-lowest jobless rate in the country to the fifth highest.
Only three states had a bigger increase.
The state lost nearly a half-million jobs — that’s also a record since state-level data began in 1976.
Ball State economist Michael Hicks warns industries most affected by social distancing requirements, like restaurants, casinos, and hotels, will be slowest to recover.