Updated
Updated · New Jersey Business & Industry Association · Sep 17
New Jersey Loses 1,700 Jobs in August as 1,900 Government Positions Vanish
Updated
Updated · New Jersey Business & Industry Association · Sep 17

New Jersey Loses 1,700 Jobs in August as 1,900 Government Positions Vanish

1 articles · Updated · New Jersey Business & Industry Association · Sep 17

Summary

  • New Jersey payrolls fell by 1,700 in August, while the unemployment rate edged down 0.1 point to 4.3%, state officials said Thursday.
  • A loss of 1,900 government jobs more than offset a 200-job private-sector gain, driving the overall decline.
  • Leisure and hospitality added 3,400 jobs and construction gained 1,000, but professional and business services lost 3,500 and private education and health services shed 1,400.
  • July payrolls were revised to a loss of 21,900 jobs from the previously reported 25,600 decline, with the unemployment rate unchanged at 4.4%.
  • Over the past 12 months, New Jersey has lost 9,900 jobs overall, as private-sector losses of 13,100 outweighed a 3,200 increase in public employment.

Insights

Why did New Jersey's unemployment rate drop to a year-low while thousands of jobs mysteriously vanished from the state's payrolls?
As healthcare remains the sole booming industry, what hidden factors are causing New Jersey's professional and business sectors to rapidly collapse?