The state last year added 82,000 private sector jobs. So far this year, however, we’ve lost more than 10,000.
“It appeared the state economy was ready for liftoff, but for the first five months of this year, through the end of May, we went into reverse,” said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
What’s really disturbing is no one seems to know exactly why this is happening.