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Grasping for an election advantage, President Barack Obama and Republican challenger Mitt Romney cast Friday's newest round of economic data is starkly different ways. Obama heralded more signs of slow but steady job growth, while Romney said the uptick in the unemployment rate was a "hammer blow" to the middle class.

New Jersey tax collections for Fiscal Year 2012 are up from the same period last year, but April results are $60 million below Governor Chris Christie's expectations. This leaves State revenues $230.3 million behind February's revised forecasts for the first 10 months of the fiscal year.