N.J. unemployment rate dips to 8.4%

The state’s jobless rate fell to 8.4 percent, the lowest reading in over four years, according to the Department of Labor.

The latest figures were the first ones issued since the federal government shutdown was resolved.

The state added 53,500 private-sector jobs over 12 months, compared to the 44,300 that were added from October 2011 to October 2012.

The data shows New Jersey gained 3,600 jobs over August, September and October.

It also revised the preliminary figures from August  upward. Initial numbers released in September indicated a 1,500-job loss in August. But now the newer figures show the state  gained 1,400 jobs. 

In September, the jobless rate had been at 8.5 percent.

During the gubernatorial campaign, the Buono camp consistently emphasized not the jobless percentage but the number of people out of work, approximately 400,000.

N.J. unemployment rate dips to 8.4%