From the Record:
In a blow to hopes of a quick recovery, New Jersey lost 2,300 jobs in December and unemployment rose to 10.1 percent – the highest level in nearly 33 years, figures released Wednesday show.
The job loss takes the number of jobs lost in 2009 to 90,100, about the same as in 2008, according to the monthly employment report released by the New Jersey Department of Labor and Workforce Development.
New Jersey’s unemployment rate is now 0.1 of a percentage point higher than the national rate of 10 percent. The state started the year with a rate of 7.3 percent.
From the Star Ledger:
The New Jersey unemployment rate cracked the 10 percent mark in December after hovering just below it for several months.
The state lost 2,300 jobs, including 1,100 private-sector jobs, to bring the unemployment rate to 10.1 percent, up from 9.7 percent in November, and 6.8 percent in December 2008, the state labor department said today.
Manufacturing, construction and financial activities sectors lost the most jobs, while other sectors gained.
From the Philly Inquirer:
New Jersey’s unemployment rate rose in December to the highest in 33 years as employers in manufacturing, construction and financial services continued to cut jobs, the state said today.
Overall, New Jersey lost 2,300 jobs last month, boosting the unemployment rate to 10.1 percent, from 9.7 percent in November. December marked the first time since October 2006 that the state’s jobless rate was higher than the nation’s, which was 10 percent.
It is significant that the state’s total workforce – those employed and those looking for work – fell by 2,500 in December, which means those people stopped trying to find jobs.
Five of the 10 sectors in private industry reduced employment last month, four added jobs, and one was unchanged, the state Department of Labor and Workforce Development said.
The biggest cuts were made by manufacturers (5,400 jobs), construction contractors (2,400), and financial-service firms (1,700).