NJ Lost 1,200 Jobs In September; Unemployment Dips To 9.8%

TRENTON – Led by a loss of 2,300 public sector jobs, New Jersey lost 1,200 jobs in September according to a report released yesterday by the state Department of Labor and Workforce Development.

Private sector employment rose by 1,100 jobs and the state’s unemployment rate fell 0.1 percent to 9.8 percent, which were both emphasized by state officials.

“While New Jersey’s job market in September still showed the effect of the summer doldrums apparent in the national figures these last few months, there are positive signs,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury. “The state’s labor force participation rate and employment population ratios remain above national averages, our long-term uptrend in private sector employment continues and September’s dip in unemployment might be a sign that the situation will be getting better.”

Preliminary estimates indicate that total nonfarm wage and salary employment in New Jersey fell to a seasonally adjusted 3,905,400, as measured by the United States Bureau of Labor Statistics (BLS) through its monthly employer survey.

Based on more complete reporting from employers, previous gains estimated for August were revised lower by 3,000 jobs to show an over-the-month (July-August) total nonfarm employment gain of 2,300 jobs. Preliminary estimates had indicated an over-the-month gain of 5,300 jobs.

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