NEW JERSEY– Estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 60,200 in September to a seasonally adjusted level of 3,878,200. Gains were recorded in both the private (+42,600) and public (+17,600) sectors of the state’s economy. New Jersey has now regained a total of 467,600 jobs in the five months since April, or about 56 percent of the jobs lost due to the coronavirus pandemic and measures taken in response to it. In comparison, the nation has recovered 52 percent.
The state’s unemployment rate fell by 4.4 percentage points to 6.7 percent, moving below the national rate of 7.9 percent. The drop was due to workers leaving the labor force altogether and not to gains in employment. Revisions to monthly estimates and again at the end of the year during annual processing may be expected. See the technical notes at the end of this release for information about the impact of the coronavirus on this month’s employment estimates.
Based on more complete reporting from employers, previously released total nonfarm employment estimates for August were revised lower by 2,000 to show an over-the-month (July – August) increase of 64,000 jobs. Preliminary estimates had indicated an over-the-month gain of 66,000 jobs. The state’s August unemployment rate was revised higher by 0.2 percentage point to 11.1 percent.
In September, employment increases were recorded in eight out of nine major private industry sectors. Sectors that recorded employment increases include leisure and hospitality (+18,800), trade, transportation, and utilities (+7,700), professional and business services (+4,900), education and health services (+3,800), other services (+2,900), construction (+2,500), financial activities (+1,300), and manufacturing (+800). Sectors that recorded a decrease include information (-100). The public sector recorded an increase of 17,600 over the month, mainly due to increases at the local level (+22,600).
Preliminary BLS data for October will be released on November 19, 2020.