From the NJ Department of Workforce and Labor Development:
Employment in New Jersey grew in July, led by a gain of 13,000 jobs at private sector companies, ending a string of 17 consecutive monthly contractions dating back to January 2008. The private sector growth was tempered by a decline of 7,100 public sector jobs. The state’s unemployment rate in July was 9.3 percent, remaining below the national rate of 9.4 percent.
According to preliminary estimates from the New Jersey Department of Labor and Workforce Development’s monthly survey of employers, nonfarm wage and salary employment in the Garden State increased by 5,900 jobs in July, to a total of 3,936,100. Over the month, six of ten private industry supersectors recorded gains while three realized losses; one was unchanged. The decrease in public sector employment was largely attributable to higher than expected summer separations in local government education.
From the APP:
New Jersey’s economy added 5,900 jobs in July, the bulk of which were in the private sector, in a sign that the recession might be easing, the state Department of Labor and Workforce Development reported today.
The figures were a 180-degree turn from the previous 17 months — and, apparently, what the rest of the nation was reporting — leading economists to caution about jumping to conclusions.
“This is apparently good news. However, it’s not time to pop the champagne corks yet,” Rutgers University economist James W. Hughes said. “Last year, we had a substantial revision (after the initial figures were released). We need several months of positive data like this to establish a trend.”
The report showed the unemployment rate rose last month from 9.2 percent to 9.3 percent, its highest level since June 1977.
From the AP:
New Jersey’s unemployment rate remains at a 32-year high. However, state officials say job gains in July reversed a 17-month trend.
The jobless rate last month inched up one-tenth of a percentage point from 9.2 percent in June to 9.3 percent.
Preliminary estimates from the state’s Labor and Workforce Development Department show the state’s economy added 5,900 jobs for a total of 3,936,100.
The department says six of ten private industry supersectors recorded gains while three saw losses.
Gainers included the leisure and hospitality, construction and manufacturing sectors. Trade, transportation and utilities saw the greatest losses of 4,500 jobs.
Since December 2007, New Jersey has lost 150,100 jobs.
From the Press of Atlantic City:
New Jersey’s unemployment rate rose slightly in July to 9.3 percent, although employers managed to create a net 5,900 new jobs, state officials said today.
It was the first month of job growth after 17 straight months of job losses, according to the New Jersey Department of Labor and Workforce Development. Officials there estimated that a total 13,000 jobs were actually added in the private sector last month, but was offset by 7,100 job cuts in the public sector.
The cuts were attributed to higher losses in local government education over the summer.
“New Jersey’s private sector employment is trending in the right direction,” Labor Commissioner David J. Socolow said in a statement. “Governor Corzine’s economic recovery initiatives are fostering job creation, and the nation’s recovery program is helping to restore economic confidence.”