NJ Added 2,600 Jobs In January; Unemployment At 9.5%

STATE — The New Jersey economy added 3,000 private sector jobs in January, according to information released today by the state Department of Labor and Workforce Development. That increase was partially offset by a loss of 400 public sector jobs, for a net gain of 2,600.

The state’s unemployment rate for January was 9.5 percent, the same as the revised rate for December. The overall U.S. unemployment rate is 7.7 percent.

In January, private sector employment gains were recorded in the trade, transportation and utilities (+5,800), construction (+2,600), manufacturing (+2,400), and other services (+500) industry sectors. Industry sectors that registered job loss included professional and business services (-3,400), education and health services (-1,700), leisure and hospitality (-1,700), information (-1,000) and financial activities (-500).

Public sector employment in January was lower by 400 as contraction at the state government level (-2,800) outpaced gains at the local (+2,500) government level.

February jobs data will be released on March 28.

According to revised data from the federal Department of Labor Statistics, New Jersey added 66,400 jobs in 2012, an increase of 18,400 from original estimates.

“The revised numbers provide further confirmation that New Jersey’s labor market has been strengthening,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury. “What we saw as firm job growth is now shown to have been even higher. The ongoing surge in the state’s labor force count shows that residents are increasingly willing to search for employment in this better environment,”

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