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jobless

With Jobless Rate Low, Why Aren’t Wages Up?

The U.S. labor market works generally on the law of supply and demand. When the unemployment rate is low, and businesses are hiring, employers generally hike wages to attract the workers needed to fill their open jobs. Even with the jobless rate at 3.9 percent in...

NJ's long term jobless rate among highest in the nation

Economist James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, said that although the state is doing worse than the nation in the U-6 category — the national average was 12 percent — there are signs of hope that the...

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