Monday, August 22, 2016

Trouble in New Jersey

The Labor Department released its state-by-state employment figures on Friday. New Jersey is pretty much average as far as jobs are concerned: The state's unemployment rate is 5.2 percent, just a little above the the national average of 4.9 percent.

But the trend is going in the wrong direction. The Garden State's unemployment rate is up from 5.1 percent in June and has risen from 4.3 percent in February.

The state with the lowest jobless rate is South Dakota, where unemployment sits at just 2.8 percent. The highest unemployment rate in the nation can be found in Alaska, where it's 6.7 percent.

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