NJ jobless rate ticks higher
From the Asbury Park Press:
N.J. jobless rate higher in August
N.J. jobless rate higher in August
New Jersey's economy didn't add enough jobs in August to keep up with the number of people entering the work force, the state's Department of Labor and Workforce Development reported Tuesday.
The Garden State added 400 jobs, but its unemployment rate rose to 5.4 percent from 5.1 percent in July. That made for tough odds for workers seeking new jobs.
"More (difficult) than I thought initially," said Peter Burnett, 42, a retail manager from Carteret, who was at a job fair at the PNC Bank Arts Center in Holmdel on Tuesday looking for a job that would pay more. "I gave myself four months (to find a job), and it's been nine months."
The report was the latest evidence that New Jersey's economy isn't keeping pace with that of the rest of the country. The United States added 128,000 jobs in August and had a nationwide unemployment rate of 4.7 percent compared with 4.8 percent in July. Because New Jersey represents about 3 percent of the nation's employment, it should have gained 3,840 jobs.
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From the Star Ledger:
Drug giant opens door to suitors after firing chief
First they fired the CEO.
Then they said openly for the first time they would consider selling the company.
And if that happens to Bristol-Myers Squibb, another name in the pantheon of drug giants that dominated the New Jersey economy could disappear.
The board of the pharmaceutical giant -- with some 6,000 workers in New Brunswick and Princeton -- ended weeks of speculation yesterday and fired chief executive Peter Dolan.
Where's the guy who keeps going on about how the economy is Hot Hot Hot! Jobs everywhere, money to burn.
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