From New Jersey Newsroom:
New Jersey unemployment climbed to a 33-year-high of 9.7 percent in August but preliminary estimates show that job growth continued for a second month after 17 months of job losses.
As the jobless rate increased from 9.3 percent, 2,900 people found private sector jobs but 2,100 others lost government and schools position, making the overall jobs gain 800.
The state’s unemployment rate of 9.7 percent now equals the national jobless rate.
According to preliminary estimates from the Labor Department’s monthly survey of employers, nonfarm wage and salary employment in the Garden State increased to a total of 3,930,500 in August.
“In August, New Jersey’s private sector employers continued to add workers to their payrolls,” said Labor Commissioner David j. Socolow. “It is encouraging that New Jersey continued to see a four-month trend of private sector employment stabilizing and moving in a positive direction. But the unemployment rate demonstrates that there is much more to do to put New Jersey back to work.”
From the Star Ledger:
The unemployment rate in New Jersey jumped from 9.3 percent to 9.7 percent in August, matching the national figure, the state said today.
“That is significant because we’re now at the same level as the nation, and we’re just shy of double-digit unemployment,” said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. “There’s nothing positive. Most of the individual components are moving in the wrong direction.”
The state Department of Labor and Workforce Development said the total number of jobs rose by 800, though that number can be volatile. In the July report, the state said jobs rose by 5,600, but revised figures released today indicate the state actually lost 500 jobs in that month.
The private sector saw job growth of 2.9 percent in its second straight month of increases. Meanwhile, in the public sector — which is about a fifth of the size of the private sector — jobs fell by 2.1 percent.
From the NJ Department of Labor:
August preliminary estimates showed that private sector employment in New Jersey continued an encouraging trend, as employers added 2,900 private sector jobs. Overall, employment rose by 800 jobs, as public sector employment declined by -2,100.
The state’s unemployment rate rose 0.4 percentage point in August to 9.7 percent, mirroring the national trend.
From the APP:
The monthly unemployment report showed the state added 2,900 private-sector jobs and lost 2,100 public sector jobs for a net gain of 800 jobs. It also showed the unemployment rate jumped from 9.3 percent in July to 9.7 percent in August, the highest rate since April 1977.
One caution flag: The state revises the figures each month, which can turn a stellar report into a lousy one. In July, for example, the state initially reported that the economy added 5,900 jobs. On Wednesday, it revised the figure and said the state lost 500 jobs.