Even though New Jersey’s unemployment rate edged lower last month to 3.8 percent, 8,400 jobs were lost in the private sector. That brought the total number of nonfarm and salary jobs in the state to a seasonally adjusted 4,193,800, according to U.S. Bureau of Labor Statistics estimates.
The job losses were in seven of nine major private industry sectors: professional and business services (-3,500), trade, transportation, and utilities (-2,300), education and health services (-1,900), other services (-1,400), manufacturing (-500), leisure and hospitality (-300), and information (-100). Jobs were added in construction (+800) and financial activities (+800). Public sector jobs were also up (+800).
In the year since May 2018, employment in the Garden State was higher by 45,900 jobs, with gains recorded in both the private sector (+42,000) and public sector (+3,900). Since February 2010 (the low point of the last recession), New Jersey’s private sector employers have added 400,700 jobs.