Gov. Phil Murphy announced recently that New Jersey’s unemployment rate in October hit a record-low 4.1 percent rate for October, the lowest mark since June 2001.
But Murphy said there is still work to be done.
“Over the past year, we’ve made incredible strides to build a stronger and fairer economic future for everyone in the Garden State, and today’s news is a testament to those efforts. New Jersey’s unemployment rate may be at a 17-year low, but there’s still significant work to be done for millions of hardworking New Jerseyans who struggle every day to make ends meet, including a long overdue raise in the minimum wage to $15 an hour. My administration is laser focused on promoting long-term economic growth that creates good-paying jobs and increased opportunity for every New Jersey family.”