TRENTON – New Jersey’s economy lost 16,300 jobs in December, according to date released today by the state Department of Labor. Three thousand jobs were lost in the public sector, while the private sector shed 13,300 positions.
Despite the jobs news, New Jersey’s unemployment rate edged 0.1 percent lower. At 9.1 percent, the state’s unemployment rate remains below the 9.4 percent national rate. Unemployed workers are no longer counted in the official statistics after they exhaust their unemployment benefits or if they give up seeking jobs.
A preliminary over-the-year analysis shows that from December 2009 – December 2010, New Jersey lost 30,700 jobs, mostly from the public sector. Private sector employment was down by 1,600 jobs over the year. In 2009, New Jersey lost 121,100 private sector jobs while recording a job gain of 7,000 in the public sector.
Benchmarked data, which will provide a more accurate picture of the New Jersey economy for the entire calendar year 2010, will be released on March 10.
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