Some more news for NJ’s economy, we’re losing more jobs and hitting the national unemployment level..
Between January 2005 and January 2006, the U.S. unemployment rate fell to 4.7 percent from 5.2 percent, while unemployment in New Jersey rose to 4.6 percent from 3.9 percent.
This surely is not good for NJ’s economy or the housing market. That’s a pretty big increase in unemployment over a year that was fueled by consumer spending and a growing real-estate market.
According to the report, most jobs were lost in transportation, utilities, and retail trade. I find that hard to beleive with all the increases in my electric & gas bills.. Where was the greatest increase in jobs? Construction…
PS: Grim Come Home!