TRENTON – The state’s unemploymenet rate dipped to 9.7 percent in October, down .1 percentage point from September, the state Labor Department reported Thursday.
The state said that preliminary estimates indicate that total nonfarm wage and salary employment in New Jersey contracted in October by 11,700 jobs, to a seasonally adjusted 3,892,200.
Private-sector employment grew by 25,600 jobs from October 2011 to this October, the state reported.
The state said that since February 2010, private-sector employment has grown by 73,600 jobs.
The Labor Department reported that based on more complete reporting from employers, previously released September estimates were revised lower, down by 1,500 jobs, to show an over-the-month (August – September) total nonfarm employment loss of 2,700 jobs. Preliminary estimates had indicated an over-the-month loss of 1,200 jobs.
The national jobless rate is 7.9 percent.
Lower employment levels were recorded in both the private (-9,400) and public (-2,300) sectors of the state’s economy.
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"Gov. Chris Christie says he won’t campaign for the Republican gubernatorial candidate in New York because the cause is hopeless: Gov. Andrew Cuomo is ahead by more than 30 points. But he will campaign in New Hampshire, over and over, where the Republican is also trailing by more than 30 points. What’s the reason? It may be that New Hampshire holds the nation’s first presidential primary. It may be that he doesn’t want to mess with Cuomo, who knows where the skeletons are buried at the Port Authority. But one thing is certain: Gov. Straight Talk is spinning again. And it seems to be habit-forming." - columnist Tom Moran- Star-Ledger
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