N.J. unemployment rate dips to 9.7 percent, but state loses more than 11K jobs (NJ dot com)

November 15, 2012 – New Jersey’s unemployment rate inched down to 9.7 percent in October, but the state shed 11,700 jobs — the largest monthly loss this year, according to data released by the state Labor Department today. A leading indicator of economic health, the jobless rate declined for the second straight month in October, coming off its 35-year high of 9.9 percent in August. Meanwhile, the U.S. unemployment rate rose 0.1 percentage point last month, to 7.9 percent, but unlike New Jersey the country gained 171,000 jobs. “Overall, New Jersey experienced job loss in October, but the long-term trend and broader picture of job creation remain positive,” said Kevin Roberts, a spokesman for Gov. Chris Christie. “We’ve now added 73,600 private-sector jobs since February 2010, the first full month Governor Christie was in office.”

Link to Full Article: http://www.nj.com/politics/index.ssf/2012/11/nj_unemployment_rate_inches_do.html#incart_river

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