The  Cornfield's home state of Indiana had finally got below the 8% mark on  unemployment back in May dropping to 7.9%. Then the news came out that  the rate had moved back up to 8.0% for June. Still below the national  rate, but it was disappointing.

Word  came out Friday that the national rate had risen to 8.3% for July.  Alright so the White House is wanting us to be comforted that it wasn't a  full .1%, but the rate only went up from 8.2% to 8.254%.

Hoosier  economists are saying the uptick is not good news for those seeking  work in the Cornfield. Business may be, as reported, sitting on piles of  cash, but the uncertainity of what may happen if the nation drives off  the "fiscal cliff" and how much the Affordable Care Act is going to  cost, is keeping businesses from hiring.

Despite promising job numbers nationwide, the growing unemployment rate could stifle hiring in Indiana, experts warned.

University  of Indianapolis economist Matt Will said the jobs numbers are better,  but not the 300,000 to 400,000 new jobs the country needs to bring down  the jobless rate, RTV6's Norman Cox reported.

"The  production-manufacturing index, which is kind of the break-even point  for whether the economy is growing or contracting on a real-time basis,  for the second month in a row now, that number is below 50, which means  the production economy is contracting," Will said. "That is not a good  sign."

Will doesn't normally predict recessions, but he said he  fears the country has reached the tipping point to push into another  one.

Business leaders said companies that have money to hire simply won't risk cash in the current atmosphere of uncertainty.

"They  don't know what their income tax rate is going to be. They don't know  what their health care costs are going to be. They don't know really  what their energy costs are going to be," said Indiana Chamber of  Commerce President Kevin Brinegar.

http://theindychannel.com/news/31330312/detail.html

From the Cornfield, those with jobs better sit on them, while those looking for work...you may have a long wait.