Certainly great news for anyone living in or near New Jersey – the unemployment rate for June indicates a record low of 3.5%. These statistics come from the state Labor and Workplace Development Department, which announced the findings for the month on Thursday. It’s the lowest monthly rate that they’ve seen since they started keeping records in 1976.
In May the figure rested at 3.8% and the national average rate is 3.7%. Most of the gains for June came from the private sector, with the state’s addition of 10,200 total jobs.