News Department

New Jersey labor market indicators mixed in April

NEW JERSEY – The state’s unemployment rate declined by 0.1 percentage point to 4.7 percent in April, and the number of unemployed residents fell to an eight-month low, according to preliminary labor market estimates produced by the U.S. Bureau of Labor Statistics.

The monthly report also shows total nonfarm employment in the state fell by 10,900 jobs to a seasonally adjusted level of 4,374,400.

Revised estimates of total nonfarm employment in March saw a downward revision of 1,300 for a February-to-March monthly gain of 12,500. The state’s unemployment rate for March remained unchanged at 4.8 percent.

I Heart Blank

In April, six out of nine private industries recorded losses for the month. They were: leisure and hospitality (-8,900), professional and business services (-2,600), manufacturing (-1,000), information (-700), financial activities (-700), and other services (-700). Sectors that added jobs for the month were trade, transportation, and utilities (+2,400), construction (+300), and private education and health services (+200). Public sector jobs increased by 800 in April.

Over the past 12 months, New Jersey has added 76,000 nonfarm jobs. Some 87 percent of those gains were in the private sector, with six out of nine private sector industries recording a gain between April 2023 and April 2024. These industries are: private education and health services (+40,300), trade, transportation, and utilities (+12,100), construction (+5,400), other services (+5,000), leisure and hospitality (+3,700), and professional and business services (+3,300). Sectors that recorded losses were information (-2,200), manufacturing (-800), and financial activities (-600). The public sector recorded a gain of 9,700 over the past 12 months.

Preliminary BLS data for May will be released on June 20.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

Related Articles

Back to top button