NJ’s Jobless Rate Inches Up In July

New Jersey’s unemployment rate remains at a 32-year high. However, state officials say job gains in July reversed a 17-month trend. The jobless rate last month inched up one-tenth of a percentage point from 9.2 percent in June to 9.3 percent. Preliminary estimates from the state’s Labor and Workforce Development Department show the state’s economy added 5,900 jobs for a total of 3,936,100. The department says six of ten private industry supersectors recorded gains while three saw losses. Gainers included the leisure and hospitality, construction and manufacturing sectors. Trade, transportation and utilities saw the greatest losses of 4,500 jobs. Since December 2007, New Jersey has lost 150,100 jobs. AP

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