Senator Tom Kean (R-21)

New Jersey’s Seasonally Adjusted Unemployment Rate Eclipses New York’s

Senate Minority Leader Tom Kean issued the following statement today regarding the announcement that New Jersey’s seasonally adjusted unemployment rate is higher than New York’s unemployment rate:

“Earlier this month the governor stated in his State of the State address that ‘New Jersey is faring better than other states by most standards.’ This ignores the data from leading Rutgers economists that says New Jersey was falling behind our neighbors in private sector job growth before the global economic crisis started. http://www.senatenj.com/index.php/tomkean/tom-kean-we-have-a-special-economic-problem-in-new-jersey/1163 Less than two weeks after his speech we learn that the unemployment rate in our state is higher than neighboring New York’s.

“The governor must take bold action now, in order to strengthen the economic security of middle class families. First, the governor should endorse the ‘Economic Development Promotion Act’ (S-281/Kean) that would work to make essential economic growth programs run more efficiently; attract high- paying, high-growth industries, and secure and stabilize the existing job market.

“Second the governor should support, S-1466, the effort to expand the Transit Hub program to every municipality with a train station in New Jersey so that local economies as well as access to jobs and commerce can be encouraged throughout the state.

“Third, the governor should join Senator Sweeney and me in urging the Assembly to pass SCR-60 to secure the Unemployment Fund so that out-of- work New Jerseyans receive the benefits they have paid for in the past.

“Republicans and Democrats in the legislature have taken the lead in proposing solutions to our economic crisis that will attract and retain high paying jobs in New Jersey. It’s time for Governor Corzine to open his door to these ideas so that middle class New Jerseyans can emerge from this economic crisis stronger than ever.”



Link to Post:

http://www.senatenj.com/index.php/tomkean/new-jerseys-seasonally-adjusted-unemployment-rate-eclipses-new-yorks/2119

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