TRENTON, N.J. – All is not well in Phil Murphy’s New Jersey, and Sanctuary Statehood is just the tip of the iceberg.
According to a new analysis released Friday by Garden State Initiative (GSI), a 501(c)3 nonprofit, New Jersey added 9,600 private sector jobs in June 2019 but the state’s workforce once again declined, this time by 4,000.
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New Jersey’s 4,443,100 workforce is still smaller than the 4,504,400 workforce we had at the beginning of the so-called ‘Great Recession’ of 2008, a decline of 1.3%.
“Enthusiasm about the drop in the state’s unemployment rate must be tempered by concern about the continued stagnation in our workforce size, which remains below 2008 levels,” explained GSI President Regina M. Egea. “Job growth in most sectors is an encouraging sign for our economy, however the Financial Activities sector, which has been flat for 2 months after New Jersey has led the nation in job losses, remains a cause for concern.”
You can check out the complete GSI analysis here.
New Jersey is consistently ranked as one of the nation’s least friendly business states; a separate analysis recently determined that New Jersey is the costliest place in America to start a business.
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