New Jersey Unemployment Rate Dips To 8.6 Percent
TRENTON, N.J. (CBSNewYork/AP) – For the fourth consecutive month, New Jersey’s jobless rate has dropped.
The state Labor Department said Thursday that unemployment stood at 8.6 percent in May, a tenth of a percentage point lower than a month earlier.
Preliminary data show the state added 14,300 jobs.
Job gains in April, however, were not as good as first estimated.
The Labor Department says more complete data show New Jersey added only 900 nonfarm jobs in April, not 3,300 as had been initially calculated.
Despite a drop in the unemployment rate for four straight months, the state’s jobless figure stands 1 percentage point higher than the national average. However, that represents an improvement. The state rate had been running closer to 2 percentage points higher than the U.S. average.
You May Also Be Interested In These Stories
- 2 Fatal Shootings Shatter Newark’s Attempt At 24 Hours Of Peace
- Send Your Kids Back To School With These Essentials
- Police Seek 3 Suspects In 2 Separate Subway Assaults In NYC
- Experts Urge Residents To Organize Disaster Relief Kits
(Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)