Updated · New Jersey Business & Industry Association · Jul 16
New Jersey Job Count Falls by 300 as June Unemployment Rate Dips to 4.5%
Updated
Updated · New Jersey Business & Industry Association · Jul 16
New Jersey Job Count Falls by 300 as June Unemployment Rate Dips to 4.5%
1 articles · Updated · New Jersey Business & Industry Association · Jul 16
Summary
New Jersey lost a net 300 jobs in June even as its unemployment rate fell 0.2 percentage point from May to 4.5%, according to preliminary state-released federal data.
3,700 new jobs in professional and business services and 3,600 in private education and health services were outweighed by losses of 4,200 in trade, transportation and utilities and 3,700 in leisure and hospitality; the public sector shed 100 jobs.
4,387,000 total nonfarm jobs were recorded statewide in June, up 8,000 from a year earlier, with private-sector employment up 10,100 over 12 months and public-sector employment down 2,100.
May payroll growth was revised down to 1,400 jobs from 2,200, while the state's 4.7% May unemployment rate was unchanged; June's 4.5% rate remained above the 4.2% national level.