13,000 New Private Sector Jobs in July
For the past year the Governor has had a laser-like focus on jobs. This week there are signs that his work is starting to pay off. The number of newly created private sector jobs increased by 13,000, ending a string of 17 consecutive months of job losses.
Last year, Governor Jon S. Corzine signed into law legislation making New Jersey more business friendly by reducing business taxes and giving companies cash credits for hiring new employees. The Governor also put $4 billion in road, bridge and school construction projects on the fast track.
"There is nothing more important in an economic recession than jobs, jobs, jobs,'' the Governor said, noting this latest news suggest the state if finally turning the corner. He anticipates New Jersey, which was the first to adopt a comprehensive state recovery plan, will emerge as a leader as the nation comes out of the recession.
In addition to more private sector jobs, the number of public sector jobs went down by 7,100, in large part due to local school districts cutting jobs.
According to preliminary estimates from the New Jersey Department of Labor and Workforce Development’s monthly survey of employers, non-farm wage and salary employment in the Garden State increased by 5,900 jobs in July, to a total of 3.9 million jobs.
“New Jersey’s private sector employment is trending in the right direction,” said Labor Commissioner David J. Socolow. “Governor Corzine’s economic recovery initiatives are fostering job creation, and the nation’s recovery program is helping to restore economic confidence. As a result, New Jersey has laid the groundwork for a recovery marked by stronger job growth when the global recession ends.”
Since the beginning of the recession in December 2007, New Jersey has lost 150,100 jobs (-3.7%). Nationally, employment has declined by 6.7 million jobs (-4.8 %).
Last year, Governor Jon S. Corzine signed into law legislation making New Jersey more business friendly by reducing business taxes and giving companies cash credits for hiring new employees. The Governor also put $4 billion in road, bridge and school construction projects on the fast track.
"There is nothing more important in an economic recession than jobs, jobs, jobs,'' the Governor said, noting this latest news suggest the state if finally turning the corner. He anticipates New Jersey, which was the first to adopt a comprehensive state recovery plan, will emerge as a leader as the nation comes out of the recession.
In addition to more private sector jobs, the number of public sector jobs went down by 7,100, in large part due to local school districts cutting jobs.
According to preliminary estimates from the New Jersey Department of Labor and Workforce Development’s monthly survey of employers, non-farm wage and salary employment in the Garden State increased by 5,900 jobs in July, to a total of 3.9 million jobs.
“New Jersey’s private sector employment is trending in the right direction,” said Labor Commissioner David J. Socolow. “Governor Corzine’s economic recovery initiatives are fostering job creation, and the nation’s recovery program is helping to restore economic confidence. As a result, New Jersey has laid the groundwork for a recovery marked by stronger job growth when the global recession ends.”
Since the beginning of the recession in December 2007, New Jersey has lost 150,100 jobs (-3.7%). Nationally, employment has declined by 6.7 million jobs (-4.8 %).
