Where can I read more about the NJ Unemployment rate?
New Jersey’s unemployment rate rose to 9.2 percent in June from 8.8 percent the month before, as the state lost 2,100 jobs, the lowest such number in 16 months, New Jersey’s labor department reported. New Jersey’s unemployment compared with 5.2 percent in June 2008 and a national jobless rate of 9.5 percent last month. “The losses in New Jersey were less severe in June than in any month since the national recession began,” Labor Commissioner David Socolow said today. Losses of 2,600 jobs in leisure and hospitality and a decline of 2,300 positions in professional and business services were mitigated by increased hiring at grant-making and non- profit organizations, Socolow said. Gains reflected hiring in response to state and federal economic recovery programs, Socolow said. Since the recession began in December 2007, New Jersey has lost 155,000 jobs, a decline of 3.8 percent, the Labor Department said Officials adjusted May data to show 1,800 additional jobs lost, resulting in a total
New Jersey’s unemployment rate climbed to its highest level in 15 years last month, triggering worries that the drain on the state’s unemployment insurance fund will prompt payroll tax increases. The 7.1 percent unemployment rate was a full point increase over the rate in November, and just barely under the national average of 7.2 percent, Gov. Jon Corzine and State Labor Commissioner David Socolow announced today. Corzine, who called the latest numbers “disappointing,” used the figures to pitch for the state’s share of federal aid to shore up the unemployment insurance fund, whose surplus is running dangerously low. “The recession is deepening both here in New Jersey and across the country,” Corzine said at a State House press conference today. “It gives meaning to the words that the President (Barack Obama) said (Tuesday), that the challenges we face are real.” Socolow attributed the losses to job reductions in the professional and business services, construction and manufacturing
