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NJ Loses Jobs, But Unemployment Rate Also Falls

New Jersey officials say the state lost nearly 12,000 jobs in October but the unemployment rate also dropped by one-tenth of one percent.

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Senate President Steve Sweeney, Assembly Speaker Sheila Oliver, and Governor Chris Christie
Governor's Office
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NJ Democrats Strike Deal On Minimum Wage Increase Strategy [AUDIO]

Assembly Speaker Sheila Oliver and State Senate President Steve Sweeney have reached an agreement on a two-pronged strategy to increase New Jersey's minimum wage and have it adjusted annually based on the Consumer Price Index (CPI).

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NJ Leads Nation in Year-Over-Year Foreclosures [AUDIO]

Foreclosure activity in New Jersey was up 140 percent in October, the highest year-over-year increase in the nation.

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Shore Towns Struggle With Lost Tourism Dollars [AUDIO]

In addition to towns struggling to clean up after Superstorm Sandy, shore communities must deal with lost revenue as they work to rebuild before next summer.

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Atlantic City damage
Despite significant flooding and damaged caused by Sandy in Atlantic City's, the town's tourist attractions came out virtually unharmed. (Mario Tama, Getty Images)
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Atlantic City Casinos Struggle After Sandy [AUDIO]

Atlantic City's casinos are struggling to deal with the aftermath of Superstorm Sandy by laying off workers, cutting back the hours of others, and making still others take unpaid leaves.

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taxes
Flickr User 401K
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Property Tax Losses Likely After Sandy [AUDIO]

New Jersey is still in the early stages of assessing the damage left behind by super-storm Sandy, but Governor Chris Christie and most experts agree the price tag will easily be in the billions.

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Post-Sandy, NJ Legislature Gets Back To Work [AUDIO]

The Garden State's Legislature hit the 'pause' button after super-storm Sandy so State Senators and Assembly members could stay in their districts and help their constituents rebuild and recover.

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East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
Store keeper Richard Jefferys keeps warm near a fire after losing power due to Hurricane Sandy in Long Beach Island. (Mark Wilson, Getty Images)
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NJ Businesses Impacted By Sandy Get Some Help [AUDIO]

It wasn't just homes and boardwalks that were washed away by the superstorm two weeks ago. Some people lost their absolute only source of income, their small business.

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SEASIDE HEIGHTS, NJ - NOVEMBER 01:  A man takes a picture on the boardwalk near the Casino Pier that was partially destroyed by Superstorm Sandy on November 1, 2012 in Seaside Heights, New Jersey.  (Photo by Mark Wilson/Getty Images)
SEASIDE HEIGHTS, NJ - NOVEMBER 01: A man takes a picture on the boardwalk near the Casino Pier that was partially destroyed by Superstorm Sandy on November 1, 2012 in Seaside Heights, New Jersey. (Photo by Mark Wilson/Getty Images)
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Weekly US Jobless Claims Fall To 355K Last Week

The number of people seeking unemployment benefits last week fell by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But officials cautioned that the figures were distorted by Superstorm Sandy.

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Unemployment Line
Joe Raedle, Getty Images
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Economy Adds 171K Jobs; Rate Rises To 7.9%

 U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September.

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Category: National News, News Tags:

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