It’s the biggest one-month jump in Indiana’s unemployment rate in eight years.
The jobless rate had dropped for four straight months before a slight increase in July, but was still near a record low. Instead, Indiana lost eight-thousand jobs in August as unemployment spiked to three-and-a-half-percent. That’s the highest since April, though still nearly a full point below the national average.
It’s the third increase in seven months, after a four-year streak in which the rate went up just once.