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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"That's state money and the speaker has never raised an objection to that, and now all of a sudden she objects to her own bill. She's objecting on a basis she hasn't objected before on the TAG Grant program. Let's face it everybody, this is just politics. It's election year and it's politics." - Gov. Chris Christie, on Speaker Sheila Oliver (D-34).- PolitickerNJ.com
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