Good Numbers for NJ Show Few Signs of Economic Trouble

njspotlightnews.org

Amid growing concerns about a potential recession, the latest economic reports for New Jersey show continued low unemployment, robust state revenue collections and other signs of strength.

A long streak of consecutive months with private-sector job growth continued in October, and New Jersey’s unemployment rate remained well below where it was a year ago, according to the latest jobs report released by the state Department of Labor and Workforce Development.