July 15, 2021
Preliminary estimates produced by the United States Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 16,600 in June to a seasonally adjusted level of 3,935,600. This represents the sixth consecutive month of job gains in the state’s recovering labor market, and a gain of 33,800 in the past two months.
The June increase was concentrated in the private sector (+14,300) of the state economy. New Jersey has now recovered 423,200 jobs, or about 59% of the number lost in March and April 2020 due to the coronavirus pandemic and the measures taken to respond to it. The state’s unemployment rate edged up to 7.3 percent as more residents entered the workforce in search of work. See the technical notes at the end of this release for more information on the impact of the coronavirus on this month’s employment estimates.
Based on more comprehensive employer reports, previously released estimates of total non-farm employment for May have been revised up to show an increase over the month (April to May) of 17,200 jobs. Preliminary estimates had indicated a gain during the month of 13,600 jobs. The state’s unemployment rate in May was unchanged at 7.2%.
In June, employment increases were recorded in six of the nine largest private sectors. Sectors that saw job gains during the month include trade, transport and utilities (+6,200), leisure and hospitality (+4,500), education and health services (+4,100), professional and business services (+800), financial activities (+ 300), and other services (+200). The sectors that recorded job losses are construction (-1,300), manufacturing (-800) and information (-100). During the month, public sector employment increased by 2,300 positions.
Preliminary BLS data for July 2021 will be released on August 19.
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