From New Jersey Newsroom:
Another 16,300 New Jerseyans lost their jobs in December
In the private sector, 13,300 jobs disappeared while 3,000 government and school jobs were lost.
Despite the new horror figures, the state Department of Labor and Workforce Development said New Jersey’s unemployment rate moved slightly lower by 0.1 percentage point to 9.1 percent, remaining below the national rate of 9.4 percent. The state said 3,828,000 New Jerseyans were working last month.
The Labor Department estimates that 407,800 New Jerseyans are currently unemployed.
In December, eight of ten industry supersectors experienced a decline in employment. Industries with significant job losses included trade, transportation and utilities (-3,800), leisure and hospitality (-2,100), financial activities (-1,800), education and health services (-1,800), and professional and business services (-1,700). Smaller losses occurred in other services (-600) and information (-800). Only manufacturing (+200) and mining and logging (+100) added jobs over the month. Local governments cut 2,100 jobs.
Over the month, the unadjusted workweek for manufacturing workers decreased by 0.2 to 40.3 hours, average hourly earnings increased by $0.09 to $18.93 and weekly earnings were down by $0.14 to $762.88. Compared with December of last year, the unadjusted workweek was lower by 1.7 hours, average hourly earnings increased by $0.90 and weekly earnings were higher by $5.62.
From the WSJ:
New Jersey lost 16,300 jobs in December — including 13,300 in the private sector — while the state’s unemployment rate fell to 9.1%, the state labor department said Wednesday.
Across the state, the unemployment rate fell to 9.1% and the labor force lost workers. Economists say the unemployment rate — a measure of people looking for work –– can drop as people who are discouraged stop trying to get jobs.
New Jersey, the second-wealthiest U.S. state by per-capita income, lost 16,300 jobs in December as both the private and public sectors shrank payrolls.
The number of jobs based in New Jersey fell by 13,300 at companies and 3,000 in government, the state labor department said in a statement today. The unemployment rate, a separate measure of jobs held just by state residents, declined by 0.1 percentage point to 9.1 percent.
New Jersey lost 30,700 jobs last year, with the majority in the public sector, according to the release. A year earlier, the state shed 121,100 private-sector jobs while adding 7,000 government positions.