New Jersey’s Unemployment Rate Dropped in August to 9.4%
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New Jersey’s unemployment rate declined by 0.1 percentage point to 9.4 percent in August, the first drop this year.
Employment fell by 7,100 jobs, largely because of a labor strike affecting 7,000 Verizon Communications Inc. employees who have returned to work, the state’s Labor Department said in a statement today. New Jersey’s jobless rate exceeds the national level, which has held steady at 9.1 percent since July.