The New Jersey Department of Labor and Industry says the unemployment rate in the state has dropped to its lowest level in 20 years.
But a recent report by the state Labor Department also showed that job growth is slow.
A state job market that’s recovering from a recession and the impact of the Hurricane Sandy relief and rebuilding efforts is still not fully there, the report found.
New Jersey’s unemployment rate fell to 4.7 percent in October, the lowest rate since March 2001.
The report noted that there were more than 4,000 job openings.
But the state unemployment rate remains the highest in the country.
And that’s a problem because the state’s unemployment rates are rising.
The unemployment rate peaked in June of 2009 at 7.8 percent and has steadily climbed.
But in the last five years, it has been down to 3.8% and 3.6% in recent months, the study found.
So while unemployment is falling in New Jersey, there are still a lot of people out there who can’t find a job, said Lori Johnson, executive director of the state AFL-CIO.
“We are very concerned about the job market in New Brunswick,” she said.
Johnson said there’s been a lot more emphasis on the recovery from Hurricane Sandy.
The state has had a recovery in jobs, which is one of the reasons why the unemployment is dropping.
There’s a lot going on with the recovery in the economy, but we still need to make sure that the unemployment rates stay at their current levels,” she added.
Johnson also said there needs to be a lot less speculation about how much the job markets in New England are improving.
New Hampshire, Connecticut, and Rhode Island have unemployment rates higher than New Jersey’s, but the jobs are mostly low-paying.
Johnson thinks New Jersey is doing a better job than other states of making the transition to a full recovery.”
That is what I think the unemployment numbers show, that the people in New Hampshire, New York, Connecticut have not recovered, and that is something that we need to keep focused on,” she told the Journal News.
The Labor Department said the numbers show a “continued recovery” in New York state, which has a labor force of 8.3 million people, and a labor market of 5.2 million people.
The numbers show that the number of jobs in New Mexico is up 2.6 percent.
In the last three months, New Jersey has added almost 800,000 jobs, but Johnson said the job growth rate is slower.
She said New Jersey should continue to invest in infrastructure, and make sure people have enough food, shelter and medical care to stay in their homes.”
I’m just concerned about getting the jobs back in the states,” Johnson said.