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Jobless rate still

high for region

From Press staff reports

Unemployment remained painfully higher in September in southern New Jersey than in the state and nation, but Atlantic and Cumberland counties were among just four places in the tri-state area to add jobs in the third quarter.

Atlantic County gained 1,600 jobs and Cumberland County added 900, according to seasonally adjusted figures released Friday by the Federal Reserve Bank of Philadelphia.

The only other employment gains in the Fed's Third District of southern New Jersey, eastern Pennsylvania and northern Delaware were in Edison, Middlesex County (14,800 jobs), and State College, Pa. (400 jobs).

Cumberland County had the additional positive distinction of being the only area in the Third District in which employment increased over the past 12 months, the Philly Fed said.

Nonetheless, the jobless rate there remained high at 13.7 percent, according to Bureau of Labor Statistics data seasonally adjusted by Fed analysts.

The Atlantic County unemployment rate for September was 13.3 percent, and in Cape May County the rate was 13.1 percent. The three counties were the only areas in the district with jobless rates in the double digits, while the state and nation were at 9.8 percent.

First Bank must

correct practices

Williamstown-based First Bank has agreed to an order from the Federal Deposit Insurance Corp. to stop 11 "unsafe and unsound banking practices and violations of law and/or regulations," the FDIC announced Friday.

First Bank, which also has offices in Ewing and Lawrence Township, Mercer County, agreed to the FDIC enforcement action Sept. 30.

Inadequacies were found by the FDIC in First Bank's management, earnings, auditing, risk controls and compliance with other regulations and procedures.

The FDIC ordered and the bank agreed to correct all of the deficiencies by March 31.

Program distributes

10M. green bulbs

More than 10 million compact fluorescent lightbulbs have been distributed through New Jersey's Clean Energy Program since 2008, according to an announcement made through the state's Board of Public Utilities on Friday.

The Green New Jersey Resource Team has distributed 1.5 million discounted or complimentary bulbs, with statewide retailers giving out the remaining 8.5 million bulbs.

The state estimates that the 10 million bulbs have reduced greenhouse gas emissions by 820 million pounds per year, about the equivalent of removing emissions from 70,238 cars annually.

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