Unemployment is at 9.8% in New Jersey. At the county level, in January, 2013, the unemployment rates were in Middlesex County, 8.5%, in Monmouth, 9.4% in Burlington, 9.5%, and in Ocean, 11.7% (PDF, 1).
In Cambridge, Massachusetts, the unemployment rate is 6.7% (2) and Silicon Valley, the unemployment rate is 7.6% (3), people transform basic research into commercial products! Simply put, they turn ideas into wealth. We’ve done it before – think Bell Labs and Thomas Edison. We can do it again.
The good news is that interest rates are low enough that we can roll up our sleeves, rebuild our infrastructure and build a strong foundation for a thriving economy. This will help all of us: the farmers, teachers, engineers, their families, and everybody else. Continue reading