"New Jersey's employment picture strengthened rapidly during the past several months, resulting in the creation of 65,500 jobs in the last year," says Nancy H. Mantell, director of R/ECON, speaking at a conference yesterday at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
"In May, the state's job total of 4,035,400 finally surpassed the peak reached at the end of the last business cycle in December 2000," she continues.
The R/ECON forecast projects the strongest growth in the service sectors, notably professional and business services, education and healthcare. Together, they will provide 57% of New Jersey's jobs, according to Mantell.
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