Unemployment down, but jobs are paying less

Unemployment is down slightly in New Jersey, but job-seekers say the available positions are paying less.

Unemployment is down slightly in New Jersey, but job-seekers say the available positions are paying less. (8/2/13)

NEWARK - Unemployment is down slightly in New Jersey, but job-seekers say the available positions are paying less.

Nationally, the jobless rate now stands at 7.4 percent. In New Jersey, the rate is much higher at 8.7 percent.

Many white-collar professionals say they'll have to take a steep pay cut to find work.

The state labor department says New Jersey unemployment is higher because more people are actually looking for work in the state.

Construction and hospitality jobs are growing, partly due to Hurricane Sandy rebuilding.

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