NJ unemployment makes biggest jump since 2006

New Jersey’s unemployment rate increased to 5.4 percent in May, making its largest monthly jump since April 2006. The figure is in line with the national unemployment surge last month to 5.5 percent, up from from 5 percent in the biggest national jobless jump since 1986.

“Clearly, the national labor market is struggling, and New Jersey is consistent with that trend,” said State Labor Commissioner David Socolow.

He urged the federal government to provide extended unemployment insurance benefits, “so that job seekers will have additional support while they look for work in this uncertain economy.”

Total employment was virtually unchanged in May, as New Jersey added 100 jobs to bring the workforce to a total of 4,071,700.

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