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Governor Pat McCrory posted some festive news this afternoon by way of a YouTube video. According to data released Friday by the federal Bureau of Labor Statistics, North Carolina saw the largest percentage drop in unemployment in the entire nation last month as employers added more than 16,000 new jobs across the state. With this continued steady job growth, our state’s unemployment rate fell to 5.8 percent in November – the lowest level in more than six years.
“Due to smart economic policies enacted by Republican officials over the past four years – reducing wasteful government spending, lowering taxes and returning sanity back to our state’s regulatory climate – North Carolina is setting an example for the rest of the nation on how to combat unemployment,” said Senate Leader Phil Berger (R-Rockingham) in a statement.
North Carolina has added 176,000 new jobs since Pat McCrory became governor in January of 2013, continuing a nearly unbroken drop in the state’s unemployment rate since Republicans assumed control of the General Assembly a year before. In October, The Cato Institute gave North Carolina top marks on its Fiscal Report Card.