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NJ unemployment rate drops to 3.8%

By David Wildstein, June 20 2019 11:18 am

New Jersey saw a drop in private sector unemployment in May from 3.9% to 3.8%, according to estimates from the U.S. Bureau of Labor Statistics.

In May, the total non-far wage and salary employment decreased by 7,600.  Seasonally adjusted, that brought the total number of New Jersey jobs to 4,193,800.

Between May 2018 and the end of last month, New Jersey gained 45,900 jobs.  That includes gains in the private sector (+42,000) and public sector (+3,900).

New Jersey’s private sector employers have added 400,700 jobs since the low-point of the recession in February 2010.

Employment decreases were reported in May in seven of the nine major private industry sectors.

In April, New Jersey’s unemployment rate was at 3.9%.

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