The NJ jobless rate is on its way down, thankfully, as consistent signs point to a recovery much faster than expected. While New Jersey is not yet seeing numbers as low as other States, it was one of the hardest hit States and has had some of the most extensive lockdown conditions that have kept significant segments of the workforce and their employers out of business. Hopefully, most of these businesses can come back and start re-hiring so that we can get back to the tremendously low levels of unemployment that accompanied New Jersey’s pre-pandemic booming economy.
“New Jersey’s jobless rate fell to 10.9 percent for the month of August—the lowest it’s been since March, but still above what New Jersey saw at the height of the Great Recession a decade ago.
According to Thursday morning data from the U.S. Department of Labor, 18,845 New Jerseyans filed for unemployment the week ending Sept. 12….”
Read: NJ jobless rate hits new low since start of pandemic at NJBIZ
Shared by Geoffrey G. Gussis, Esq., a business attorney and technology attorney licensed in New Jersey and New York. Learn more about me, the legal services I provide, and articles I have written. Contact: firstname.lastname@example.org or (732) 898-0549 for a free consultation.
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