Unemployment Rate Hits New 5-Year Low

House Speaker Thom Tillis and Senate Leader Phil Berger issued the following joint statement Monday in response to North Carolina’s unemployment rate dropping to its lowest level since August 2008. This news indicates that, over the past year, the state’s 24 percent drop in unemployment rate has outpaced the national unemployment rate’s 16 percent drop during the same timeframe.

“Our state’s unemployment rate continues to drop at a faster pace than the national average – great news for North Carolinians trying to get back to work. We are proud to see the results of the fiscally conservative, pro-business policies that the General Assembly enacted over the past three years help North Carolina’s economy gain momentum.”

North Carolina added 45,000 jobs over the past year. Most recently, January’s 17,407 new jobs added show growth at a faster pace than previous months.

Since Republicans took control of the General Assembly in January 2011, the unemployment rate is down 3.7 percent, and North Carolina’s economy has created 190,275 new jobs.

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