Indianapolis – Vice President-elect Governor Mike Pence today issued the following statement as Indiana’s unemployment rate fell once again in October and now stands at 4.4 percent. The October decrease marks a 4 percent decrease in unemployment since January 2013.
“In Indiana, we have worked hard to balance our budgets, keep taxes low and reduce the burden of government regulations on employers,†said Vice President-elect Governor Mike Pence. “That work is paying off in communities around the state as our economy grows and Hoosiers continue to find gainful employment. As we look toward the future, let us not be satisfied with these initial successes. I know that with continued leadership at the state level that supports hardworking Hoosiers and encourages companies to start or expand here, the best is yet to come here in Indiana.â€
Background
The Indiana unemployment rate stands at 4.4 percent. Since January 2013, Indiana’s private sector has grown by 156,200 jobs. Indiana’s total private employment has grown by nearly 27,000 jobs so far this year. Total private employment is now at 2,649,100. The highest levels of growth occurred in the following sectors: Private Educational & Health Services and Trade, Transportation and Utilities. October is the 16th consecutive month that Indiana has recorded private-sector employment above the March 2000 peak.
