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.
A former administrator and a former shop foreman at the Passaic Valley Sewerage Commission were convicted at trial today of charges that they directed subordinate employees to complete repairs or improvements at private homes while on-duty for the PVSC, according to Acting Attorney General John J. Hoffman.Read More >
Days Since Last Christie Press Conference (Jan. 9)
FDU Poll: Christie plummets 20 points Gov. Chris Christie's job approval took a 20 point drop in three plus months, according to this morning's Fairleigh Dickinson University PublicMind Poll. Christie’s post Bridgegate job approval rating stands at 41% (with 44% who disapprove), down from 61% last November. Currently about...
BY JEFF BRINDLE Anytime now, the U.S. Supreme Court will render a decision in McCutcheon v. FEC. And while reformists may not like it, the high court is likely to allow national parties to raise far more money. That could strengthen them... Read More >
“Unfortunately for the governor, the investigation appears to be turning him into a more polarizing figure. As recently as late last year, his approval numbers were consistently bigger than his disapproves - by a pretty big margin - and more voters liked everything about him than disliked everything about him. One of the defining characteristics of the governor that makes him a nationally sought after Republican is his widespread appeal in a Democratic state. Bridgegate continues to erode that asset.” - FDU Poll Director Krista Jenkins.- PolitickerNJ.com
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