Employment is Falling

According to the Ledger:

Wednesday, November 16, 2005

Jersey reports biggest job loss in two years
Continuing its lackluster economic performance, New Jersey lost 4,700 jobs last month, the biggest decline in nearly two years.

The decline in payroll employment reported today by the state Department of Labor and Workforce Development was the largest since payrolls fell by 6,200 in January 2004.

Some economists said the monthly decline in jobs follows the pattern for much of the year in which the state has lagged behind the nation and may signal a slowdown in economic activity in New Jersey.

Or maybe, the new corporate taxes that McGreedy leveled on us and the hint of higher income taxes from JonKat have led business leaders to scale their operations in NJ.