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New Jersey Faces Job Losses for Third Consecutive Month Amid Slowing Economy

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the staff of the Ridgewood blog

Trenton Nj, New Jersey’s economy continues to feel the strain as it lost jobs for the third month in a row, according to recent figures from the New Jersey Labor Department. Between July and August, the state’s workforce shed 4,400 jobs, following a loss of 11,500 jobs from June to July and 4,200 jobs from May to June. Economists are cautioning that this downward trend in hiring could signal a slowing labor market as the country approaches the 2024 presidential election.

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