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Cutbacks in New Jersey Reason For 1,500 Lost Jobs 

 

According to the report submitted by the department of labor and workforce development, New Jersey has lost a total of 1,500 jobs due to the number of cutbacks and layoffs in private industry. These industries that had layoffs belong to different corporate areas entirely. Losses include 5900, 2400, in professional services and financial services respectively. Whereas there have been gains in the education and health, leisure and hospitality, transportation and utilities and trade sectors adding a total of 2800 ,2100 and 1900 jobs respectively. The unemployment rate for New Jersey has also come down to 8.5 percent for November.

 

 

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