The unemployment rate in New Jersey came in at 4.1 percent in October. According to U.S. Bureau of Labor Statistics preliminary estimates, that’s the lowest it’s been since June 2001 — 17 years. Meanwhile, other data shows that employment in the Garden State expanded for the sixth consecutive month in October; total nonfarm wage and salary employment increased by 17,400 to reach a seasonally adjusted level of 4,213,300.
The bigger picture shows that between October 2017 and October 2018, employment in New Jersey increased by 68,500, with all the gains recorded by private sector employers. February 2010 is considered the low point of the last recession; since then, New Jersey’s private sector employers have added 407,200 jobs.