From the Star Ledger:
New Jersey added 6,700 jobs in November fueled by employment gains in the private sector, according to preliminary federal labor data released today, and the state’s unemployment rate also dropped to 6.4 percent.
That’s the lowest unemployment rate in the state since October 2008, data shows, though the number of jobs in the state still remains below the pre-recession peak.
The largest job gains in November were in construction, which added 5,200 jobs, and trade, transportation and utilities, which tacked on 3,300 jobs. There were also 2,200 jobs added in the professional and business services sector.
At the same time, the education and health services sector shed 4,100 jobs and 1,500 jobs were lost in the leisure and hospitality field.
Overall, the state gained 6,700 jobs last month, pushing the total number of jobs in the state to nearly 3.96 million. That’s still down from a peak of 4.09 million in January 2008.
A forecast released earlier this week by a Rutgers University economist predicted the state wouldn’t reach that peak until mid-2017, though the nation had already surpassed its peak.
The unemployment rate dropped to 6.4 percent in November, from 6.6 percent the previous month. That’s the lowest rate in six years, according to federal data.
The data released today also revised October’s jobs numbers. The state lost 3,500 jobs that month, according to the updated data, rather than 4,500 jobs.