Indiana has historic low unemployment, but is that always a good thing?

Low unemployment rates are generally a good thing. It means almost anyone looking for work can find a job. But with 38 counties at 1 percent or less unemployment rates (not factoring in seasonal adjustment), the state may be entering unusual territory where unemployment is so low it can have some unintended consequences.

Rachel Blakeman is the director of the Community Research Institute at Purdue University Fort Wayne. She said she’s never seen unemployment this “absurdly low” in the years she’s studied these numbers. For consumers, she preaches patience.

Read the full story at indianapublicmedia.org.