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By ARep | March 17th, 2014 - 1:20pm
| More

Bramnick: Dip in January Unemployment Rate Keeps State Pointed
in Right Direction

Home sales increase of 18 percent in 2013 more positive news

Assembly Republican Leader Jon Bramnick, R-Union, Somerset and Morris, issued the following statement as the U.S. Bureau of Labor Statistics (BLS) released its annual benchmark data showing New Jersey’s unemployment rate for January 2014 was 7.1 percent. The latest rate is the state’s lowest level since Dec. 2008. The 19,800 private sector jobs created in 2013 marks the fourth consecutive year of employment growth in the state.

Bramnick said the improvement in the unemployment rate, private job growth and the 18 percent increase in home sales in 2013 is positive news for New Jersey.

“The significant improvement in the unemployment rate indicates our economy is headed in the right direction. The fact that New Jersey added private sector jobs in each of the last four years indicates employers are hiring because they see opportunities to succeed in New Jersey. With home sales reaching their highest levels since 2005, we have reason to be optimistic about the future.”

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