TRENTON – The state’s unemployment rate climbed to 9.3 percent in March, up 0.1 percentage points from February, even as New Jersey employers added 4,600 jobs.
The state’s economy has added 18,300 jobs between January and March, according to statistics released by the New Jersey Department of Labor. The improving job market is encouraging potential job workers to seek positions again, pushing the unemployment rate higher.
“The continuing gains in private sector jobs show that hiring by New Jersey firms is starting to develop some traction. This is consistent with the improved national labor market numbers, and more particularly indications of some brightening locally. The pickup in hiring is consistent with the recent marked improvement in income earned by New Jerseyans; this is starting to feed through to higher spending and boost the demand for workers,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury.
The professional and business services sector added 8,900 jobs in March. Those gains were partially offset by losses in the manufacturing (-2,800), education and health services (-1,300) and transportation and utilities (-1,200) sectors.
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