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This article was prepared for NJBIZ by James W. Hughes, dean of the Edward J. Bloustein School of Planning & Public Policy at Rutgers University; Nancy H. Mantell, director of the Rutgers Economic Advisory Service; and Joseph J. Seneca, university professor, Edward J. Bloustein School, and chairman of the New Jersey Council of Economic Advisors.
The state had another amazing employment surge in September when it gained 12,000 jobs. The growth nearly tripled the state's long-term average monthly employment increase of 4,200 jobs. Meanwhile, the unemployment rate remained unchanged at 4.8%. This compares with the U.S....