Pace of job cuts continues to slow

Fitzgerald, Beth
December 2009
njbiz;12/7/2009, Vol. 22 Issue 49, p2
The article reports on the declining job cuts in New Jersey which is based from the Automatic Data Processing (ADP) National Employment Report. The report in November 2009 mentioned that the private sector has removed an estimated number of 169,000 jobs while companies with less than 50 workers cut 68,000 jobs, which is the smallest decline in 18 months. Joel Prakken, the Macroeconomic Advisors chairman, said that the state economy in New Jersey is stabilizing and its unemployment rating continues to shrink for months.


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