Preliminary estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased in March by 20,800 to reach a seasonally adjusted level of 3,897,300. The state has now recovered 384,900 jobs, or about 54% of those lost in March and April 2020 due to the pandemic. New Jersey’s unemployment rate decreased by 0.1 percentage point in March to 7.7%.
Gains were concentrated in the private sector (+20,000): leisure and hospitality (+5,700); education and health services (+4,200); construction (+3,800); trade, transportation, and utilities (+3,300); manufacturing (+2,100); information (+800), financial (+400) and professional and business services (+200). The only private-sector segment to record a loss for March was other services (-500). Over the month, public-sector employment increased by 800 jobs.