Below is a statement from New Jersey Policy Perspective president Gordon MacInnes on the jobs numbers released today by the Department of Labor and Workforce Development.
“The latest jobs report is very bad news for New Jersey. With unemployment now the highest its been since April 1977, this report confirms the fragility of the state’s crawl out of the recession. Instead of assuring New Jerseyans that we are over the hump and concentrating on barely-noticeable tax cuts, it’s time to focus on investing in job creation strategies that work. Clearly, the single strategy of doling out tax incentives to corporations is not working. The accurate message is that ‘we’re not back and let’s stop pretending that we are.’ Once the unproven ‘Comeback’ is buried, then maybe state leaders can work together to talk about investment and opportunity.”
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