The good news is 30,900 private sector jobs were created last month in the Garden State. The bad news is the unemployment rate only ticked down a tenth of one percent - from 9.7 to 9.6 percent. So what's going on?
For the past several months the mega-entertainment extravaganza project in the Meadowlands called American Dream, which used to be known as Xanadu, has been financially stalled. But now there's word it could soon be revived.
Legislation designed to encourage small businesses to hire those who have been out of work for 30 or more days by providing them with a credit on their payroll taxes has been approved by the State Senate Labor Committee. Senate President Steve Sweeney is one of the bill's sponsors.
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