The job numbers in perspective

Today I have a piece on the state job numbers up at NJ Spotlight.

New Jersey Job Numbers Provide Sobering Backdrop to Labor Day

Population growth helps keep unemployment high, while workers who find jobs often must live with pay cuts

Job-seekers are looking for help finding a new job at a time when both the national and state unemployment rates remain at generational highs and population growth has created more job-seekers for each job opening.

While New Jersey has replaced nearly all of the jobs lost during the first few months of the recession, population growth means that the state has about 60,000 more workers than jobs. This has created an employers’ market and is creating a downward pressure on wages, analysts say.

Read on here.

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