Indiana’s unemployment rate hit 16.9% for April from widespread business closures during the coronavirus outbreak, and state officials warned Friday of steep spending cuts in reaction to plummeting tax revenues.
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Tonight -- new numbers from the indiana department of workforce showing the impact of covid 19.unemployment rates in indiana above national average...close to 17 percent for the month of april.fox 55's chris mullooly is live with more.so chris... do experts believe that number will rise or fall??they should rise for a little longer hunter... as they continue to get new information and data in.we could see at one point the national average show 20 percent...but as states begin to open back up...claims and jobs lost should shrink.trt: while some states across the country including indiana continue to open up...new data shows the shut down resulted in millions of lost jobs.
Unemployment claism were getting on a weekly basis are historic...astoundingnew numbers from the indiana d-w-d showing the unemployment rates as 16 point nine percent for the month of april.almos two percentage points higher than the national average and higher than illinois and ohio.
In indiana its high about 30 thousand claims this week which is higher than the week before thatunemployment claims continue to historic numbers..
But are slowing down.abbey regional economist and says as indiana continues to open up... those numbers will drop.
Retai ltravel to open up slowly these are the industries hit hardest by this crisisbut the worst is yet to come...he believes the beginning of may will show even higher unemployment numbersthe over 20 percent is gonna be exgremely high much higher than last monththe numbers show lleisure and hospitality lost 116 thousand jobs... manufauring 78 thousand and education and health were at 54 thousand.
Japan has slipped into recession for the first time in four and a half years, putting the nation on course for its deepest postwar..