By Matthew Arco | December 20th, 2012 - 12:42pm
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TRENTON – New Jersey’s unemployment rate edged down in November despite the state losing 8,100 jobs, according to the Department of Labor and Workforce Development.

The state’s unemployment rate dipped by 0.1 percent to a seasonally adjusted 9.6 percent, according to the latest figures. Lower employment levels were recorded in both the private and public sectors, which lost 3,700 and 4,400 jobs, respectively.

According to the latest figures, October’s jobless figures were revised sharply higher from a loss of 10,700 jobs to a loss of only 1,000 jobs.

“The sharp upward revision in the October number shows us that once again that first reports of large losses can be exaggerated,” said Charles Steindel, chief economist for the New Jersey Department of Treasury, in a statement.

Steindel called the job loss “fairly modest,” crediting s uperstorm Sandy with causing a spike in jobless claims.

“It seems clear that the storm generated some job losses, particularly in leisure and hospitality, but the total loss for the state was fairly modest, and the unemployment rate continues to drift down,” he said.

The national rate of unemployment dropped to 7.7 percent in November, down from 7.9 percent as the economy added 146,000 new jobs, according to national data.

The Back Room

Sources: Why Fox?

With the support of Gov. Chris Christie, Jamie Fox is on the fast track to get back to the Department of Transportation (DOT). The question is why?

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Wake-Up Call

Morning Digest: September 18th

Guv prospects Fulop and Sweeney add voices to Silva, Stack and striking 1199 SEIU workers UNION CITY – They tried out their blue collar tough guy tonsils today in front of a purple-shirted crowd of striking healthcare workers – two of three as-yet-undeclared Democratic candidates for governor: Jersey City...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

(9-17-14) Viral Video Prompts Questionable NJ Municipal Ordinance -  Socrates said, “While I might disagree with what you say, I will defend to the death your right to say... more »
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(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

“We’re going to hold the line until hell freezes over, and when hell freezes over, we’re going to hold the line on ice skates." - Assemblyman Raj Mukherji (D-31), at yesterday's SEIU 1199 rally.

- PolitickerNJ

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