The good news is 30,900 private sector jobs were created last month in the Garden State. The bad news is the unemployment rate only ticked down a tenth of one percent - from 9.7 to 9.6 percent. So what's going on?
The owners of Philadelphia's two major newspapers have threatened to liquidate or sell the company's assets if they can't get new labor contracts by Friday, according to the union representing journalists.
New Jersey's job creation efforts would get a boost from legislation that's been introduced by Assembly Commerce and Economic Development Chairman Albert Coutinho. The measure would revamp and streamline the state's economic development tax incentives.
For the past several months the mega-entertainment extravaganza project in the Meadowlands called American Dream, which used to be known as Xanadu, has been financially stalled. But now there's word it could soon be revived.
Legislation designed to encourage small businesses to hire those who have been out of work for 30 or more days by providing them with a credit on their payroll taxes has been approved by the State Senate Labor Committee. Senate President Steve Sweeney is one of the bill's sponsors.
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