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  "documentTitle": "2022 strategic update presentation",
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      "text": "As of December 2022, virtually all of the counties in the AA had higher unemployment than the full NY-NJ MSA (3.8%) and the national average (3.5%).",
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      "text": "Unemployment Rate: 3.5%",
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      "text": "While still low as of January 2023, statewide unemployment rates in both New York and New Jersey are expected to rise in 2023 due to slowing employment growth and other factors. In New Jersey, for example, employment growth is expected to slow, from 5.2% in 2022 to 1.6%",
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      "text": "The NY-NJ AA is a major center for business services, health services, leisure and hospitality. New York City tourism continues to recover in the post-pandemic period as shown by improving hotel occupancy and Broadway attendance, but other industries, such as retail and food services, have yet to fully rebound. New York City reported 4,067,500 private sector jobs in December 2022, up 199,200 over the year across a broad range of sectors.",
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      "text": "Given the proximity to New York, Hudson and Essex counties in New Jersey are hubs for finance, insurance, and real estate, and transportation and warehousing/distribution given the area includes both Newark airport and the region's major seaport. Other major industries include communications, pharmaceuticals and healthcare. Transportation and utilities, education and health services and leisure and hospitality led job growth in 2022.",
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      "text": "Footnotes 30-36 listing URLs for data sources.",
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      "text": "Source: U.S. Bureau of Labor Statistics",
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