Friday, March 20, 2009

NJ Jobless Rate Spikes

From the Associated Press:
The number of larger New Jersey cities and towns with double-digit unemployment rates rose to 24 in January from 11 the prior month.
That's according to data released Thursday by the federal Bureau of Labor Statistics on the 97 New Jersey communities with more than 25,000 residents.
APPeople wait in line to talk with Wiley Publishing recruiter Eva Drew, right, at a job fair at Rutgers University in January.
Newark's unemployment rate climbed to a five-year high of 12.5 percent in January, from 11.3 percent in December. That compares with 9 percent for New Jersey's largest city during the same period a year ago.
It's Newark's highest jobless rate since January of 2004, when 12.6 percent of the city's work force was idle.
Six New Jersey cities had unemployment rates higher than that in January, led by Trenton at 17.5 percent.

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