New Jersey boasts lowest unemployment rate in 43 years

David Madden
July 18, 2019 - 6:42 pm
Gov. Phil Murphy

Edwin J. Torres/Governor’s Office via Flickr

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NEW JERSEY, N.J. (KYW Newsradio) — New Jersey has its lowest unemployment rate since jobless numbers have been compiled by the federal government. 

The June jobless number is down at 3.5%. 

That’s the lowest it’s ever been in the 43 years that the federal government has kept state unemployment figures.

And Gov. Phil Murphy is using the report to pat his administration on the back, since 61,000 jobs have been added in the private sector.

"What these numbers show clearly is that our efforts to grow our economy the right way are paying real dividends. And let me remind everybody our work is far, far from finished. But the journey is clearly headed in the right direction," Murphy said. 

And it's because they are taking a two tracked approach for economic growth. 

They’re developing what the governor calls a “talent pipeline” for employers and ways for people to create better careers through proper training and education.  

Given predictions of a possible economic downturn, Murphy wants to make sure they’re prepared for the next recession by putting proper policies in place to weather it.