TRENTON – Preliminary estimates showed that private sector employment in New Jersey continued an upward trend, with employers adding 6,400 jobs in June — the fifth consecutive month of private sector job gains. However, overall employment gains were more modest, thanks to a public sector decline of 4,700 jobs.
Even with the estimated net increase of 1,700 jobs, New Jersey’s unemployment rate edged higher by 0.1 percentage point in June to 9.5 percent.
“New Jersey’s private sector job performance continues to show modest growth. We are steadily adding jobs in what has been a tough national environment. If, as we anticipate, the national economy improves, we should start to see some drop in unemployment,” said Charles Steindel, chief economist for the New Jersey Department of Treasury.
Based on more complete reporting from employers, previously released May estimates were revised higher, up by 3,300, to show an over-the-month (April-May) total nonfarm employment gain of 2,900 jobs. Preliminary estimates indicated an over-the-month loss of 400 jobs.
In June, six of ten industry supersectors recorded job gains led by hiring in leisure and hospitality (+5,200), education and health services (+1,800) and construction (+1,100). Stronger than expected seasonal summer hiring at hotels, restaurants and recreational facilities were responsible for the gains in leisure and hospitality. In education and health services the monthly gains were concentrated in the educational services segment (+2,000). The gain in construction represents the fourth month of job growth in the last five months for the distressed industry. Smaller over-the-month gains were registered in other services (+900), professional and business services (+300), and information (+300).
Industries that registered job loss included manufacturing (-1,900), financial activities (-900) and trade, transportation and utilities (-400). In manufacturing, job loss was recorded in both the durable (-1,100) and nondurable (-800) goods components while the loss in financial activities occurred in the real estate, rental and leasing segment (-900).
Over the month, the unadjusted workweek for production workers increased by 1.3 hours to 41.3 hours, average hourly earnings decreased by $0.15 to $18.94 and weekly earnings were up by $18.62 to $782.22. Compared to June of last year, the unadjusted workweek was higher by 0.9 hours, average hourly earnings increased by $0.02 and weekly earnings were higher by $17.85
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