Total nonfarm employment increased by 19,200 jobs to reach a seasonally-adjusted level of 4,393,100 jobs in the state.
Revised estimates of total nonfarm employment from July to August saw an increase of 4,500 jobs (preliminary estimates indicated a loss of 4,400), for a net gain of 100 jobs. The state’s unemployment rate for August remained unchanged at 4.8 percent.
In September, seven out of nine private industries recorded employment gains compared to August. Sectors that recorded employment gains include education and health services (+10,100), trade, transportation, and utilities (+3,800), construction (+1,700), leisure and hospitality (+1,500), manufacturing (+1,300), professional and business services (+1,300), and other services (+200). Sectors that recorded job losses include financial activities (-600), and information (-300). Public sector jobs increased by 200 for September.
Over the past twelve months, New Jersey has added 51,600 nonfarm jobs. About eighty-eight percent of those gains were in the private sector, with four out of nine private sector industries recording a gain between September 2023 and September 2024. These include private education and health services (+45,500), trade, transportation, and utilities (+11,200), construction (+2,000), and other services (+1,300). Losses were recorded year-over-year in information (-4,700), financial activities (-3,300), manufacturing (-2,400), professional and business services (-2,200), and leisure and hospitality (-2,200). The public sector has recorded a gain of 6,400 over the past twelve months.
Preliminary BLS data for October 2024 will be released on Nov. 14.
