Amid growing concerns about a potential recession, the latest economic reports for New Jersey show continued low unemployment, robust state revenue collections and other signs of strength.
A long streak of consecutive months with private-sector job growth continued in October, and New Jersey’s unemployment rate remained well below where it was a year ago, according to the latest jobs report released by the state Department of Labor and Workforce Development.
On the revenue side, total state tax collections were up by more than 7% in October compared to the same month last year, according to the state Department of Treasury’s latest monthly revenue report. Read more from NJ Spotlight News.