State employment rate remains stable


Make text smaller Make text larger





New Jersey’s unemployment rate declined for the second consecutive month in November as employers in the state largely held employment levels steady, according to preliminary estimates produced by the U.S. Bureau of Labor Statistics.

The state’s unemployment rate for November fell 0.1 percentage point to 4.0 percent, the lowest since June of 2001. Total nonfarm wage and salary employment decreased by 1,800 jobs to reach a seasonally adjusted level of 4,211,400.

Looking at the longer term, over the year November 2017 until November 2018, employment in New Jersey was higher by 60,900, with all of the gains recorded by private sector employers (+61,900). Since February 2010 (the low point of the last recession), New Jersey’s private sector employers have added 406,300 jobs.

Based on more complete reporting from employers, previously released total nonfarm employment estimates for October were lower by 100 to show an over-the-month (September–October) increase of 17,300 jobs. Preliminary estimates had indicated an over-the-month gain of 17,400 jobs. The state’s revised October unemployment rate was unchanged at 4.1 percent.

In November, employment decreases were recorded in five out of nine major private industry sectors. Industry sectors that lost jobs over the month include professional and business services (-3,600), information (-1,200), financial activities (-800), leisure and hospitality (-700), and other services (-400). Industries that added jobs over the month include education and health services (+2,100), construction (+1,800), trade, transportation, and utilities (+1,300), and manufacturing (+700). Over the month, public sector employment was lower by 1,000 jobs.

Preliminary BLS data for December 2018 will be released on Jan. 17.



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Protect health during winter weather
With New Jersey expecting its first winter storm of the year this weekend, the New Jersey Department of Health would like to remind residents to prepare for possible power outages...
Read more »

Jefferson Rec. Dept. publishes directory
The Jefferson Township Recreation Department has just published an updated Recreation Directory containing all...
Read more »

Living Pawsitively helps pets live long, strong
LAFAYETTE — There's a place on Route 15 in Lafayette that's “Pawsitively” great.
Featuring a huge selection of highly nutritious food and treats for...

Read more »
Image

High Point captains leading girls' basketball team
To state that Maddy Smolen, Morgan Smolen and Tyra Wingle are athletes doesn’t fully encapsulate everything that they, as...
Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Son of firm's founder sworn in
  • Jan 17, 2019
Local News
Boarding House bill advances
  • Jan 18, 2019

MOST COMMENTED



Weather in Lafayette, NJ