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New Jersey Job Market Plummets | Jersey News
New Jersey just suffered its worst job loss since pandemic days, shedding 25,600 positions in July — wiping out all gains since February. While the state’s labor department suspects the numbers may be inflated due to low response rates and flawed seasonal adjustments, unemployment dipped slightly to 4.4% thanks to differing survey methodologies. Nationally, job growth is sluggish, but New Jersey stands out as the only state with a statistically significant job drop — even as neighbors like New York also lost jobs. Theories range from federal immigration policies to high state taxes (blamed by…
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