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Unemployment Rate Drops in NY, NJ

Thursday, May 16, 2013

help wanted, sign, jobs, economy, employment (B.J. McCray/flickr)

More people are working in New York and New Jersey.

The New York state unemployment rate dropped to 7.8 percent in April after the state added 23,800 private sector jobs, according to the state Department of Labor. In March, New York's rate was 8.2 percent. 

In New York City, the rate fell to 8.4 percent in April, down from 8.9 percent a month earlier.

New Jersey's unemployment rate has continued to drop as well. The April number is 8.7 percent, a four-year low, according the state's Department of Labor and Workforce Development. It was 9 percent in March.

The positive news came after New Jersey added 4,100 private sector jobs in April.

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Comments [1]

Oh please. This stat was originally developed and promulgated as a means of expressing the number of people who have pensions, health care (not "health insurance"), and possibly own homes. Of the dozens of people I came into contact today, at shops, gas station, CVS, Big Box Stores like Target -- all of those people are living at the fringe, economically, many on welfare. And all "employed." That stat, that New Deal relic, lost its meaning about 15 years ago. I'm curious as to why it is still treated as useful and even market-moving info?

May. 16 2013 09:23 PM

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