Photo: Dave Dugdale (Flickr)
The Indiana Department of Workforce Development reports that the 25,300 jobs created in November are the most on record for a single month, and not a single sector of the economy lost jobs.
The state’s unemployment rate fell to 7.3 percent, lower than any neighboring state.
In a statement, Governor Mike Pence applauded Hoosier businesses, saying the continued trends prove Indiana’s economy is strong and getting stronger.
Yet the State Budget Committee Friday also revised its revenue projects downward, predicting less revenue than planned.
Representative Terry Goodin, D-Austin, says Friday’s job numbers illustrate the problem House Democrats have been eyeing for months.
“We’ve been talking about for the last 13 months or more about the types of jobs being created in Indiana as we move forward,” Representative Goodin says. “The employment numbers are up but income levels are down.”
Economic analysts told State Budget Committee members Friday the disparity between jobs created and revenue losses can’t fully be explained. Possibilities include low wage jobs and reduced hours for high-wage workers.