STATE – The state’s economy lost an estimated 13,000 jobs in January, according to data released today by the state Labor Department. Both the private and public sectors were affected, shedding 7,100 and 5,900 jobs respectively.
The unemployment rate remained at 9.1 percent, just above the national rate at 9.0 percent.
The largest January employment loss occurred in the professional and business services (-4,000) industry sector as losses in the administrative support/waste management component (-5,300) overshadowed a gain in the professional, scientific and technical services (+1,900) segment. Other industry sectors with notable job loss included manufacturing (-1,800), education and health services (-1,400), other services (-1,400), leisure and hospitality (-1,300) and construction (-1,100). Only one industry sector recorded a gain, trade, transportation and utilities (+4,400) with all of the job gain in retail trade (+6,700).
Public sector employment in January was lower by 5,900 as losses at the state (-3,800) and local (-2,600) government levels outpaced a small gain in federal employment (+500).
The final jobs data for last year shows that New Jersey employers shed a seasonally adjusted total of 17,000 jobs over the year, December 2009 to December 2010. The private sector gained 5,200 jobs over the year, but the public sector lost 22,200.
The New Jersey employment picture improved significantly in 2010 in comparison with 2009 when job loss totaled 113,500 (loss of 117,700 jobs in the private sector, gain of 4,200 public sector jobs).
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