3.3%

August 16, 2019 | Number of The Day
The jobless rate for July in New Jersey, its lowest ever

The unemployment rate in New Jersey fell to another historic low in July — coming in at 3.3 percent, or 0.2 percent below the previous record, set in June.

It’s the lowest monthly jobless rate since the state began keeping its own records in 1976.

The total number of people employed in non-farm jobs in the state stood at 4.2 million, essentially unchanged from the month before.

New Jersey’s jobless rate also comes in 0.4 percent below the preliminary estimate of the national unemployment rate, which was 3.7 percent for July.

The number of New Jersey residents with jobs is nearly 50,000 higher than it was a year ago, according to the state Department of Labor and Workforce Development.