With state transportation projects grounded, New Jersey’s job market faltered in July while the rest of the nation showed strong gains.
The state lost 4,700 jobs and its unemployment rate ticked up to 5.2 percent from 5.1 percent, the state Department of Labor and Workforce Development said Thursday, continuing what has been a roller coaster ride since the beginning of the year.
Michael L. Diamond, Asbury Park Press
NJ’s Transportation Trust Fund (TTF) shutdown is already causing a drag on the economy. And it’s not just in construction. In addition to an estimated 3,200 construction jobs reported lost due to the TTF shutdown, an estimated 1,500 non-construction jobs are affected including manufacturing, healthcare, and retail.
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