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 .