New Jersey’s veterans had an unemployment rate of 10.8 percent in 2013, the highest of all 50 states, according to new data released last week by the U.S. Department of Labor. (http://observer-media.go-vip.net/wp-content/uploads/sites/2/2014/03/vet.pdf)
New Jersey’s 10.8 percent veterans’ unemployment rate is a significant increase from 2012’s rate of 10 percent and far higher than the national rate of 6.6 percent, and much higher than the rates in neighboring states like Pennsylvania (7.7 percent) and New York (8.2 percent). It is also a much higher rate than New Jersey’s 2013 unemployment rate for non-veterans (7.8 percent).
“New Jersey is in the unenviable position of adding another ‘first in the nation’ milestone: first in foreclosures, first in its percentage of jobless out of work for more than six months, and, now, first in the rate of unemployed veterans,” said Gordon MacInnes, president of New Jersey Policy Perspective. “This should be enough to halt the administration’s boastful claims that its singular focus on tax cuts and incentives for large corporations is working for the rest of us.”