State Republican Committee Chairman Doug Steinhardt wants Gov. Phil Murphy to make an about-face on his economic policies following a subpar jobs report released Thursday.
Estimates released by the U.S. Bureau of Labor Statistics Thursday found that the state lost roughly 7,700 jobs in February, with about 1,600 new public jobs offsetting some of the losses in the public sector.
“These numbers and their meaning are clear. Bad policies have bad consequences,” Steinhardt said. “The Governor needs to snap out of his tax and spend trance. People can only struggle for so long before they lose faith or give up. We owe it to New Jersey’s 9 million residents to help.”
Unemployment in the state remained level at 4%.
Perhaps more worrying is a poll by the New Jersey Society of Certified Public Accountants that found the state’s CPAs are less than thrilled about Murphy’s budget.
Of the 500 CPAs polled, 70% said they believed Murphy’s budget would harm the state’s economy.
“New Jersey is teetering on the brink of an economic meltdown. How many CPA’s, accountants and economists need to sound the alarm before our elected leaders respond? There are honest solutions to the State’s real problems. We can start by turning a billion dollar surplus and simple budget savings into real property tax relief for New Jersey’s struggling families.”