From the Star Ledger:
New Jersey added 1,700 jobs in June, but the unemployment rate inched up one-tenth to 9.5 percent as more people reported looking for work.
The Labor Department reports that the state added 6,400 private-sector jobs last month but public sector jobs declined by 4,700.
The state says leisure and hospitality industries added 5,200 jobs; education and health services added 1,800 jobs; and 1,000 construction jobs were added.
The manufacturing sector was hardest hit with a loss of 1,900 jobs; financial activities lost 900 jobs; and trade transportation and utilities lost 400 jobs.
From the APP:
New Jersey’s economy added 1,700 jobs in June, the state said Thursday in a report that shows the labor market recovering slowly but steadily from the devastating recession.
The job growth wasn’t strong enough to keep up with the number of residents looking for work; the state’s unemployment rate rose to 9.5 percent from 9.4 percent in May.
“Right now, my daughter, son-in-law and grandson moved into my one-bedroom apartment,” said Veronica Gaddis, 50, of Lake Como, who herself has been out of work for two years. “I’m grateful for that because I know there are people who have nowhere to go. It’s a mess.”
New Jersey is trying to dig itself out of the hole left by a recession that caused it to lose 265,000 jobs, or 6.5 percent of its employment. And without a strong manufacturing presence, it hasn’t taken been able to take advantage of a resurgence in the nation’s manufacturing sector.
The report in June, however, carried a hopeful sign. The state added 6,400 private-sector jobs last month. It added 28,100 private-sector jobs the first half of the year, preliminary estimates show. And that puts it on pace for its best performance since 2000, Rutgers economist James W. Hughes said.
“It’s destined to be the best job growth year in 11 years,” Hughes said.
Still, New Jersey at that pace wouldn’t recover its lost jobs until 2016. And there are obstacles to get there. For one, there remains a gap between the pre-recession skills that workers developed and the post-recession skills employers need, said Mark Vitner, an economist with Wells Fargo Securities.