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

Clark Fredericks overcome childhood trauma to inspire others
While he was sitting in prison awaiting trial for the murder of the man who had abused him throughout his childhood, Clark Fredericks had a revelation.
“I’m...

Read more »
Image

Law Day to focus on Freedom of Speech
President Dwight D. Eisenhower proclaimed May 1, 1958, as the first Law Day to mark the nation’s commitment to the rule of law. Every year on this day we reflect on the...
Read more »

Bar Association to host Law Day
The Sussex County Bar Association will welcome the public to the annual Law Day celebration on Wednesday, May 1, at 7 p.m., at the historic Sussex County Court House in Newton.
Read more »

Hospice honors those committed to mission
In 1980 Julia and Joseph Quinlan founded Karen Ann Quinlan Hospice in loving memory of their daughter.
April 15 will marked the 39th year as the preeminent hospice for...

Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Farm to host barn sale
  • Apr 18, 2019
Local News
Therapy dog at the library
  • Apr 18, 2019
Local News
Bar Association to host Law Day
  • Apr 19, 2019

MOST COMMENTED



Find more about Weather in Lafayette, NJ