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Threat of Massive Murphy Tax Increase Already Driving Away Jobs from New Jersey

Phill Murphy -Sara Medina del Castillo

February 21,2018

the staff of the Ridgewood blog

Trenton NJ, since the election of Phil Murphy New Jersey’s unemployment rate has continued to increase putting it now almost one full percentage point higher than the U.S. unemployment rate.

New Jersey’s economic growth has lagged behind the rest of the country for years, according to the U.S. Bureau of Labor Statistics (BLS). But in late 2015, New Jersey’s unemployment rate started to improve. Governor Chris Christie applauded the state’s economic growth.

Last summer, though, the state’s unemployment rate increased again, sharply departing from the national trajectory. The rate increased for nearly four months before dipping slightly in January.

Now, New Jersey’s rate sits at 5.0 while the U.S. rate is 4.1. Critics of the Governor Murphy point out his push for massive tax increases may have already had  the effect of increasing flight out of the state of jobs .

5 thoughts on “Threat of Massive Murphy Tax Increase Already Driving Away Jobs from New Jersey

  1. Last one out of the state please turn off the lights…

  2. This is only the beginning for this guy

  3. …and wait until our CBD has to pay $15/hr. The carnage will be terribly sad…just as the Saraceno/Aronsohn apartments are going up.

  4. He will do in one term to NJ what Dan Malloy took two terms to do to CT.
    That coward (Malloy) is not not running for a third term after presiding over the total destruction of his state following unfettered liberal polices, ably supported by the Democratic legislature.

  5. Murphy is the best thing that happened to NJ. His disaster will hit hard those who brought him to power. Not everything is terrible. You get what you vote for.

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