Wednesday, September 13, 2006

NJ jobless rate ticks higher

From the Asbury Park Press:

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.

4 Comments:

Blogger grim said...

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.

9/13/2006 06:24:00 AM  
Blogger RichInNorthNJ said...

Off topic: More on the Ridgefield building code violations and issues

Blundering building official faces probe

"State officials are investigating a former Ridgefield construction official whose blunders left the borough mired in lawsuits and cost homeowners tens of thousands of dollars in repairs.

The state Department of Community Affairs, which oversees local building officials, "has been made aware of the situation involving Mr. [Robert K.] Rogers, and we will be investigating it," spokesman Chris Donnelly said Tuesday. The agency's Division of Codes and Standards will conduct the investigation, he said.

"I welcome it," Rogers said of the investigation Tuesday night, adding that he moved to address the mistakes as soon as they were discovered."

More at the link above

9/13/2006 06:33:00 AM  
Blogger Math, like gravity, is law. said...

OT: Grim what you have done with this site is amazing, I can't keep up w/you. thanks for your dedicated work.

9/13/2006 07:46:00 AM  
Blogger lisoosh said...

Where's the guy who keeps going on about how the economy is Hot Hot Hot! Jobs everywhere, money to burn.

9/13/2006 09:12:00 AM  

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