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Last updated on Monday, August 22, 2016
(INDIANAPOLIS) - Governor Mike Pence issued the following statement after news that Indiana’s seasonally-adjusted unemployment rate dropped 0.2 percent for a second consecutive month to 4.6 percent in July, marking a 3.8 percent drop since January 2013 (down from 8.4 percent).
The report, issued by the Indiana Department of Workforce Development, shows that Indiana's labor force has increased by more than 192,000 since January 2013. This has led to all-time highs in the state's total labor force (3,375,563) and total number of employed (3,220,007). Since 2009, the low point of employment for the state, Indiana's private sector employment growth has surpassed the nation (13.8 percent vs. 13.0 percent) and over the past three years, Indiana's private sector has grown by 149,700 jobs.
"Hoosiers need look no further than the all-time highs in the state's labor force and private sector employment growth that outpaces the nation as evidence of the economic momentum we are seeing across the state," said Governor Mike Pence. "Businesses large and small are growing and expanding in Indiana under the pro-growth, low-regulation policies that the Hoosier state has enjoyed over the course of the last decade. We're holding the line on spending, maintaining strong reserves and keeping the cost of doing business affordable through record tax cuts. This disciplined management of Indiana's fiscal health has allowed Indiana to grow, and its impact continues to pay dividends for Hoosiers."
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