NJ Assembly speaker pushes economic summit idea

TRENTON, N.J. (AP) -- New Jersey Assembly Speaker Joseph Roberts Jr. is pushing for lawmakers to hold an emergency economic summit to weigh what can be done to help Garden State residents affected by the crisis on Wall Street.

Roberts says the Assembly Labor Committee will hold a Monday hearing on the impact of the recent financial crisis on the state economy and its citizens, and discuss plans for a summit involving economic experts.

New Jersey's unemployment hit five-year high of 5.9 percent in August and it's likely to get worse as banking industry employees lose their jobs.

The economic summit idea was initially proposed by Senate Majority Leader Stephen Sweeney.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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