promoted by Rosi
With unemployment in the Northeast and the United States steadily decreasing since the height of the Great Recession, unemployment remains high in New Jersey.
According to the Bureau of Labor Statistics, for February 2015, New Jersey had the 42nd lowest unemployment rate in the country with 6.2 percent. Connecticut to be fair was 41st with the same rate.
Unemployment in New York was 5.8 percent which led the state to be ranked 30th. Pennsylvania had a 5.2 percent unemployment rate and ranked 23rd. Delaware had 4.8 percent unemployment and 18th.
To make matters worse, according to New Jersey Policy Perspective, average household income levels have fallen from $74,209 in 2007 to $70,165 in 2013. Granted part of this is due to the recession and while it hit a plateau in 2011, that’s not the same as growth.
In addition, the percent of middle class of households with incomes between $50,000 and $200,000 officially shrank from 55.3 percent to 53.6 percent from 2007 to 2013.
So what’s the problem? Is it the tax system? The infrastructure? The minimum wage?