The most recent data is showing that the number of people filing unemployment claims for the first time is down nationwide. However, here in New Jersey, that number rose an alarming 70 percent in one week. This influx of unemployed people in our state could cause a corresponding rise in bankruptcy filings over the next few months as it becomes more difficult for some people to pay their bills.
Between June 21 and June 28, 20,624 people in New Jersey filed for unemployment benefits for the first time. This is considered the largest increase in filings in the country. The previous week, that number was 12,045.