Unemployment Cut in Half Since Governor Pence Took Office
Indianapolis – Vice President-elect Governor Mike Pence today issued the following statement as Indiana’s unemployment rate fell once again in November and now stands at 4.2 percent. The November decrease marks a 4.2 percent decrease in unemployment since January 2013 – exactly half that of the state’s unemployment rate when Governor Pence assumed office.
“November’s employment numbers reflect the successful policies and fiscal management that have been hallmarks of this administration over the last four years, including balanced budgets, low taxes and healthy reserves,†said Vice President-elect Governor Mike Pence. “While cutting taxes and red tape, we have also committed to investing in workforce development and advancing the vibrancy of our communities. This focus on economic development and hardworking Hoosiers has produced record employment and investment in Indiana over the last few years which, I have no doubt, will be carried forward in the future under the leadership of Governor-elect Eric Holcomb.â€
Background
The Indiana unemployment rate stands at 4.2 percent. Since January 2013, Indiana’s private sector has grown by more than 168,000 jobs. Indiana’s total private employment has grown by 36,500 jobs so far this year. Total private employment is now at 2,660,900. The highest levels of growth occurred in the following sectors: Professional and Business Services, Financial Activities and Manufacturing. November is the 17th consecutive month that Indiana has recorded private-sector employment above the March 2000 peak.
