NJ's jobless rate hits highest level in nearly 15 years

There is grim news about unemployment in the Garden State. The state's Labor Department reported that New Jersey's jobless rate hit 7.1 percent in December, its highest point in nearly 15 years. According

News 12 Staff

Jan 22, 2009, 8:13 PM

Updated 5,661 days ago

Share:

There is grim news about unemployment in the Garden State.
The state's Labor Department reported that New Jersey's jobless rate hit 7.1 percent in December, its highest point in nearly 15 years. According to the Labor Department, 15,200 jobs were lost during the month.
Gov. Jon Corzine (D-N.J.) said he hopes to be able to avoid increasing payroll taxes to boost the state's underfunded unemployment fund. By law, jobless claims must be paid regardless of the fund's financial health.
And job losses in New Jersey continue to increase. In Eatontown and Brunswick, two DCH Saturn dealerships have announced plans to close. While the company says they hope to keep some employees, there will still be significant cuts.
"It's definitely a sad day,? says Ray DeSimone, general manager of DCH Saturn in Eatontown. ?[I?ve] been with [the] company 14 years, but feel it's time to move on."
AP wire reports contributed to this report.


More from News 12
Newark Liberty International Airport travelers still impacted by worldwide outage days later

Newark Liberty International Airport travelers still impacted by worldwide outage days later

2:34
Cloudy skies with some overnight showers; Rain continues Wednesday

Cloudy skies with some overnight showers; Rain continues Wednesday

0:27
Wiers Farm recalls multiple vegetables, bagged salad due to listeria concerns

Wiers Farm recalls multiple vegetables, bagged salad due to listeria concerns

1:25
Source: Pedestrian killed in East Orange during police chase involving stolen vehicle

Source: Pedestrian killed in East Orange during police chase involving stolen vehicle

0:37
Officials: Water safe to drink following firefighting efforts along Route 3 in Clifton

Officials: Water safe to drink following firefighting efforts along Route 3 in Clifton

4:23
Sen. Bob Menendez to resign from office Aug. 20 following corruption conviction

Sen. Bob Menendez to resign from office Aug. 20 following corruption conviction

2:06
Union City residents react to news Sen. Menendez is resigning

Union City residents react to news Sen. Menendez is resigning

2:08
Toms River cuts Silverton EMS services, citing ‘financial irregularities’

Toms River cuts Silverton EMS services, citing ‘financial irregularities’

0:48
Jersey Proud: Servicemen compete at Joint Base for chance to be on national swim team

Jersey Proud: Servicemen compete at Joint Base for chance to be on national swim team

1:47
Global tech outage still impacting travelers at Newark Liberty Int’l Airport

Global tech outage still impacting travelers at Newark Liberty Int’l Airport

0:22
Prosecutor: Man sentenced to 40 years for series of attacks on Orthodox Jewish community

Prosecutor: Man sentenced to 40 years for series of attacks on Orthodox Jewish community

1:44
'Everything is ruined.' Clifton residents near Route 3 fatal crash site raise concerns over spilled chemicals

'Everything is ruined.' Clifton residents near Route 3 fatal crash site raise concerns over spilled chemicals

3:02
Could the Philadelphia 76ers be considering a move to New Jersey?

Could the Philadelphia 76ers be considering a move to New Jersey?

0:44
3 shelter dogs to be trained to be companions for veterans

3 shelter dogs to be trained to be companions for veterans

1:18
Monmouth University lockdown prompted by threatening email lifted

Monmouth University lockdown prompted by threatening email lifted

0:31
Son finds his mom stabbed to death in their Edison home; suspect charged with murder

Son finds his mom stabbed to death in their Edison home; suspect charged with murder

0:43
Secret Service director steps down after assassination attempt against ex-President Trump at rally

Secret Service director steps down after assassination attempt against ex-President Trump at rally

0:20
Health officials: West Nile virus, eastern equine encephalitis detected in Cape May County

Health officials: West Nile virus, eastern equine encephalitis detected in Cape May County

0:31
Police: South Jersey pet groomer charged with animal cruelty following death of 3-year-old dog

Police: South Jersey pet groomer charged with animal cruelty following death of 3-year-old dog

0:27
New York, New Jersey & Delaware sued for failing to protect endangered Atlantic sturgeon

New York, New Jersey & Delaware sued for failing to protect endangered Atlantic sturgeon