HASBROUCK HEIGHTS, NJ-Gov. Chris Christie's chief economist says the Garden State's employment picture is brighter than most people would tend to believe.
Charles Steindel, chief economist for the Treasury Department, told business leaders at a meeting in Hasbrouck Heights on Tuesday that New Jersey began adding jobs in mid-2011, but those gains were masked by the state's persistent high unemployment rate, according to The Record.
The state's unemployment rate stood at 8.7% in April, compared to the national rate of 7.6 percent. The state, however, added 60,000 private sector jobs in the past year, Steindel said. Those figures mirror 2012's job creation numbers, which were the highest figure since 2000, but far below the 100,000 created in 1999. See story in The Record.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
