Friday, April 17, 2009

NJ Employment Lags

New Jersey Senator Steve Oroho (R-Sussex/Morris/Hunterdon) is continuing to call on Governor Corzine to defend his statements that New Jersey is faring better than neighboring states even though our unemployment rate is higher and getting worse at a faster rate.
Below are the March unemployment figures released today by the U.S. Department of Labor.

March Unemployment Figures

New Jersey 8.3%

New York 7.8%

Pennsylvania 7.8%

Delaware 7.7%

Connecticut 7.5%

Maryland 6.9%

"Governor Corzine has said New Jersey is better positioned to rebound than neighboring states during this economic crisis, however the thousands of New Jerseyans who have lost their jobs and are struggling to make ends meet know better" Oroho stated. "The fact of the matter is we aren't better positioned. Our high level of spending, taxes and unreasonable regulations significantly hurts New Jersey’s competitive position. That is why various studies rank us as one of, if not thee, most unfriendly business state in the country. New Jersey needs a different course of direction if we are going to create private sector jobs and rebound from the current economic downturn."

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