From the APP:
It’s a good time to go job hunting in the Garden State.
The New Jersey economy added thousands of jobs in July, and the state’s unemployment rate dipped to its lowest level in more than a decade, the state Department of Labor and Workforce Development said Thursday.
The results should give workers latitude to search for a new job or ask for a raise. And they are a sign that life is more difficult for employers who need top-notch help.
“We’re doing the best we can with what we’ve got,” said Angela Blasi, the fresh food manager at Dean’s Natural Food Market in Shrewsbury, which is hiring after two of its juice bar workers left their summer jobs and returned to college.
The monthly unemployment report is made up of a survey of employers to measure the number of jobs and a survey of households to measure the unemployment rate.
It provides a preliminary snapshot of the New Jersey economy and will be revised next month. But for July, at least, it showed a state that performed far better than the nation.
The state gained 13,000 jobs last month. (The U.S. added 157,000 jobs last month. New Jersey’s fair share would have been about 4,700).
It added 7,500 jobs in June, more than what was first reported. And its unemployment rate ticked from 4.3 percent to 4.2 percent, its lowest level since July 2007.
“The numbers on the surface look like the economy is going gangbusters,” Rutgers University economist James W. Hughes said. With total employment, “it’s probably going to be the best year since before the Great Recession.”