Pence Hopeful for Positive Jobs Report
Governor Pence and others hope for a positive jobs report today.
The Department of Workforce Development will release the unemployment report for the month of May later this morning, hoping for a figure that's closer to the national jobless rate of 7.6 percent. The April rate in Indiana was 8.5 percent, but that was down two-tenths from March.
Indiana has created private sector jobs in 37 of the last 40 months, but the jobless rate has remained stubbornly high since the recession began - it hasn't been below eight-percent since November 2008. Until last September, Indiana's rate had remained relatively close to the national unemployment rate, but there was a full percentage point difference in April - the national rate was 7.5 percent that month.
At the time the April report came out, Workforce Development Commissioner Scott Sanders said the number was cause for "cautious optimism." “There is quite a bit more work to do, but things seem to be moving in the right direction, as evidenced by the largest drop in the unemployment rate in over a year.”