NJ Not Adding Jobs Fast Enough To Lower Unemployment Rate

STATE — While New Jersey added more than 10,000 jobs last month, the Garden State is one of just seven nationwide that didn’t see a drop in its unemployment rate, according to data released by the Bureau of Labor Statistics.

Though New Jersey has gained 29,100 jobs over the past year (from November 2010 to November 2011), it’s not adding them fast enough to reduce its 9.1 percent unemployment rate that is half a percentage point higher than the national rate.

New Jersey’s unemployment rate is the 13th highest in the nation. Nevada has the worst unemployment rate at 13.0 percent. Other states with double-digit figures include California, Florida, Illinois, Mississippi, North Carolina, and Rhode Island.

To regain its pre-recession rate of employment, New Jersey needs to add 313,100 jobs – 205,400 to replace jobs lost since the recession began and 107,700 new jobs to keep pace with population growth.

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