Gov. Chris Christie made sure the media was aware of the new federal statistics which credited New Jersey with creating 60,800 new private-sector jobs in 2016.
Considering New Jersey’s comparatively slow rebound from the Great Recession, the 60,800 figure was four times more than initial projections and the largest annual increase since the year 2000.
The numbers mean the state has regained all of the jobs it lost in the Great Recession and added tens of thousands more.
It was also reported by the Department of Commerce that New Jersey’s unemployment rate in January fell significantly to 4.6%, from 5% in January 2016.
There are a number of reasons for this, but most of which are probably due to the general improvement of the economy, especially in the Northeast.
Christie also pointed to New Jersey tax cuts and a slowing in government spending.
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