Unemployment continues downward trend


Make text smaller Make text larger





Private-sector employment continued to expand in July while the state’s unemployment rate continued its downward trend, edging lower for a fourth consecutive month by 0.1 percentage point to 4.2 percent.

The July rate represents the lowest statewide unemployment rate since July 2007, according to preliminary estimates produced by the U.S. Bureau of Labor Statistics.

Total nonfarm wage and salary employment increased by 13,000 in July to a seasonally adjusted level of 4,200,500. The advance was fueled, in part, by the late June opening of two casino hotels in Atlantic City.

Based on more complete reporting from employers, previously released total nonfarm employment estimates for June were revised higher by 8,000 to show an over-the-month (May – June) increase of 7,500 jobs. Preliminary estimates indicated an over-the-month loss of 500 jobs. The state’s revised June unemployment rate was unchanged at 4.3 percent.

Looking at the longer-term, over the year July 2017 – July 2018, employment in New Jersey was higher by 75,500, with the majority of the gains recorded by private-sector employers (+73,400). Since February 2010 (the low point of the last recession), New Jersey’s private-sector employers have added 393,400 jobs.

In July, employment increases were recorded in five out of nine major private industry sectors. Industry sectors that added employment over the month were leisure and hospitality (+7,000), education and health services (+4,700), professional and business services (+1,600), manufacturing (+1,600), and trade, transportation and utilities (+600). Industries that recorded an employment decrease over the month were construction (-1,000), financial activities (-600), information (-400), and other services (-300). Over the month, public-sector employment was lower by 200 jobs.

Preliminary data for August 2018 will be released on Sept. 20.



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Waterproofing Your Patio
Many homeowners take pride in the design and maintenance of their patios. Sadly, both spring and summer rain showers can often leave once-neat patios looking a tad messy. Not to...
Read more »
Image

Algae blooms can ruin more than your summer
Lake Hopatcong is really almost a stone's throw from my home in Sussex County where my home is maybe 300 feet from another lake, which was dredged by DEP, and it was needed as the...
Read more »

Sussex County Prosecutor's Office
July 1
Susan J. Fells, 56, of Sussex, pleaded guilty to possession of a controlled dangerous substance, a crime of the third degree.
Sentencing is presently scheduled...

Read more »

Crystal Springs hosts 3rd annual tournament
Crystal Springs Resort hosted the 3rd Annual New Jersey Law Enforcement Open at Ballyowen Golf Club on July 10, where active and retired law enforcement officers competed for the...
Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Ask The Expert
Water Expert Andy Ball: Changing Resins
  • Jul 11, 2019
Entertainment
Cornerstone holds casting call for 'Pippin'
  • Jul 15, 2019

MOST COMMENTED



Find more about Weather in Lafayette, NJ