From the APP:
New Jersey lost 17,000 jobs in 2010 and another 13,000 jobs in January, the state reported today, in a sign that the economic recovery didn’t generate enough momentum to convince employers to begin hiring.
The state’s unemployment rate was 9.1 percent in January, slightly higher than the national rate of 9 percent, the report said.
The jobs report released by the state Department of Labor and Workforce Development, is made up of two surveys — one of New Jersey employers to calculate the number of jobs and one of New Jersey residents to calculate the unemployment rate.
The report today is notable because it offers a more complete account for 2010.
The revision showed the economy performed better in 2010 than the 30,700 jobs that the state initially was thought to have lost. But it did little to change the conclusion that employers last year continued to grapple with the fallout of the recession.
The report showed the economy continued to undergo a transition. The private sector added 5,200 jobs in 2010 after losing 117,700 jobs in 2009. The public sector lost 22,200 jobs in 2010 after adding 4,200 jobs in 2010.
From the Star Ledger:
New Jersey lost 13,000 jobs in January in both the private and public sectors, according to data released by the state Department of Labor today.
The state shed 7,100 private sector jobs and 5,900 public sector jobs, while the unemployment rate was unchanged at 9.1 percent.
The private sector job losses were led by professional and business services, which lost 4,000 jobs. In the public sector, the state shed 3,800 jobs, while local governments shed 2,600. Federal jobs ticked up slightly by 500.
The state also revised its jobs figures for 2010, showing an overall loss of 17,000 jobs fueled by cuts in the public sector. The state gained 5,200 private sector jobs during 2010, but shed 22,200 public sector jobs. That’s slightly better than the department’s preliminary report on 2010 jobs, which overestimated public sector losses and said the private sector had lost jobs.
From New Jersey Newsroom:
The results of a review of New Jersey employment situation for the past 11 months reveal that New Jersey’s economic situation remains dark.
The state Department of Labor maintains New Jersey gained 5,200 private sector jobs but lost 22,200 government jobs in 2010, compared to a loss of 117,700 private sector jobs and a gain of 4,200 government jobs in 2009.
But for last January, the most recent month for which statistics are available, preliminary estimates show 13,000 jobs were lost, wiping out the 2010 gain. At least 7,100 private sector jobs and 5,900 government jobs were lost during the month. The preliminary unemployment rate remained unchanged in January at 9.1 percent, just above the U.S. rate of 9.0 percent. Currently, 407,700 New Jersey adults are unemployed.