Contact Us
Make My Homepage

Unemployment Claims Trend Downward in New Jersey [AUDIO]

The U.S. Labor Department is out with new data showing the number of Americans, who applied for unemployment benefits over the past month, dropped to its lowest level since 2007.

Unemployment
Sandy Huffaker, Getty Images

“That’s encouraging in terms of job stability at the national level, and the pattern that we see in New Jersey is consistent with an economy and a labor market that is growing at a modest pace,” says the Director of Economic Research at CohnReznick, Pat O’Keefe.

He says over the past few weeks we’ve had “new claims that were below the average in the five years prior to the recession, so that’s an indication that the labor market is performing in a mode of modest improvement.”

O’Keefe adds we’re still down about 10 percent from pre-recession levels, “but when you factor in the economic body blows we’ve taken – things like Sandy and its impact on employment – it’s not surprising that we’re still running a little bit above where we were.”

He says without question the economy is getting better, but it’s not firing on all cylinders quite yet.

“I would characterize it as moderate but sustained growth,” says O’Keefe. “It’s not as robust as what we would like and what we’ve experienced in the past, but the trends are all positive.”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!