Gas Prices Continue Modest Decline

STATE — Average retail gasoline prices in New Jersey have fallen 3.6 cents per gallon in the past week, averaging $3.68 per gallon yesterday. This compares with the national average that has fallen 2.9 cents per gallon in the last week to $3.77 per gallon, according to gasoline price website NewJerseyGasPrices.com.

The Stall Has Arrived

Friday’s jobs report for April was even more disappointing than March. Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to 154,000, but that’s still abysmal relative to what’s needed). We need well over 250,000 new jobs per month in order to begin to whittle down the vast number of jobs lost in the Great Recession.