TRENTON - The state’s unemployment rate edged lower in December, down by 0.1 percentage point, to 9.6 percent from a revised estimate for November of 9.7 percent, the state Labor Department said today. (November’s preliminary unemployment rate was initially reported to be 9.6 percent,but was revised upward.)
Private sector employers in the state added 30,900 workers in December, according to the U.S. Bureau of Labor Statistics (BLS), marking the state’s largest single monthly employment gain since the current practice of calculating total nonfarm employment began in 1990, the Labor Department said.
The state said that private sector employers have added 103,200 jobs since February 2010, the low point of private sector employment during the recession, according to the preliminary federal data, which also shows that 2012 was the state’s third consecutive year of private sector employment growth.
The state also reported that based on more complete reporting from employers, previously released November estimates were revised lower, down by 2,400 jobs, to show an over-the-month (October – November) total nonfarm employment loss of 10,500 jobs during the period super-storm Sandy devastated New Jersey. Preliminary estimates had initially indicated an over-the-month loss of 8,100 jobs.
Onex Corp. (OCX), Canada’s largest buyout firm, agreed to buy York Risk Services Group Inc. from ABRY Partners LLC in a deal valued at $1.33 billion, boosting its holdings in the insurance business, according to Bloomberg News.Read More >
Union County Sheriff Ralph Froehlich has died Union County today mourns the loss of the longest-serving sheriff in New Jersey history, who died last night at the age of 83. (Editor/PolitickerNJ) http://www.politickernj.com/77506/union-county-sheriff-ralph-froehlich-has-died Cryan serving as acting Union County sheriff, poised to run in November ...
By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups. But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >
"As soon as you step into the lake on foot or in a boat, you're in the state's domain. I feel bad for the snake, and I hope it gets rescued before it dies when it gets cold. It didn't mean to get let out there. This snake should be one thing we can get together on and not worry about party affiliation. Unless the snake's a Democrat." - Republican Mount Arlington Mayor Arthur Ondish- PolitickerNJ
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