3.2%

September 20, 2019 | Number of The Day
NJ’s unemployment rate for August, another new low

The unemployment rate in the Garden State dropped again in August, to 3.2%, setting another new record for the lowest percentage of the work force that’s idle since jobless numbers first started to be counted at the state level in 1976.

The decline, from 3.3% in July, reflects the fifth straight month the percentage of New Jerseyans without jobs has gone down.

The state jobless rate remains well below the national rate of 3.7%.

Year over year, the total number of people employed in the state rose by 46,700 from August of 2018, and state officials say the gains occurred both in the private and public sectors. Since the low point of the Great Recession in February of 2010, New Jersey’s private sector has gained 404,000 jobs.

The total nonfarm workforce now stands at a seasonally adjusted 4.2 million people.