Already plagued with having the highest property taxes in the nation, if New Jersey governor is going to be running for President in 2016, he’s going to have to do better than this:
New Jersey’s unemployment rate in February held at 7.1 percent from January, but the month did see the loss of 3,700 total public- and private-sector jobs, according to a report Thursday by the state Department of Labor and Workforce Development.
The job losses were concentrated in the private sector, which saw the reduction of 4,900 positions last month. The public sector recorded an increase of 1,200 jobs, with gains at the federal and local levels.
State Department of Treasury Chief Economist Charles Steindel said the harsh winter the state has experienced hasn’t helped its economy.
“The winter has clearly affected the state’s job market — the February count, especially in a sector like leisure and hospitality, was probably held down by the big storm around Valentine’s Day,” Steindel said. “The large and welcome upward revision for January suggests that, in these conditions, the preliminary numbers may be less reliable than usual. We anticipate that the numbers should get better with the weather.”
Winter or not, it’s a pretty pathetic when government increases its payroll as private sector companies shrink theirs. Especially since it only puts a greater burden on the remaining taxpayers.