News Department

New Jersey labor market sees solid growth in November

NEW JERSEY – Nonfarm employment increased by 11,700 jobs in November on the continued strength of the private sector, which added 11,400 jobs, the 31st consecutive month of growth dating back to May 2020, according to preliminary estimates produced by the U.S. Bureau of Labor Statistics.

Employment reached a seasonally adjusted level of 4,257,900, and the state’s unemployment rate was steady at 3.4 percent, below the national level of 3.7 percent.

October employment estimates have been revised downward by 1,300 to a total loss of 2,500 jobs between September and October. The unemployment rate was revised lower by one-tenth of a point to 3.4 percent.

In November, six out of nine major private industry sectors recorded job growth. Sectors that recorded employment increases were education and health services (+5,300), professional and business services (+3,700), other services (+2,900), construction (+1,600), trade, transportation and utilities (+1,000), and financial activities (+100). Sectors that recorded a loss were leisure and hospitality (-1,800), information (-800), and manufacturing (-600). The state’s public sector increased by 300 jobs for the month.

Preliminary BLS data for December will be released on January 19, 2023.

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.

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