NJ UE Falls to 4.1%

From InsiderNJ:

NJDOL: New Jersey Job Growth Continues in April 

New Jersey’s employment growth continued for the 17th consecutive month in April, as non-farm employment increased by 14,800 jobs to reach a seasonally adjusted level of 4,191,500, while NJ’s unemployment rate declined to 4.1 percent.

Job growth so far in 2022 has averaged nearly 18,700 jobs per month and the unemployment rate has fallen from 5.1 percent recorded this past January. New Jersey has now recovered 695,700 jobs, or about 95 percent of the number lost in March and April 2020, due to the impact of the coronavirus pandemic.

Based on more complete reporting from employers, the previously released total nonfarm employment estimates for March were revised higher by 1,500 to show an over-the-month (February – March) increase of 19,300 jobs. Preliminary estimates had indicated an over-the-month gain of 17,800 jobs. The March upward revision occurred entirely in the private sector. The state’s March unemployment rate was unchanged 4.2 percent.

In April, employment increases were recorded in eight out of nine major private industry sectors. Sectors that recorded job gains include leisure and hospitality (+4,700), trade, transportation, and utilities (+4,400), education and health services (+4,200), other services (+1,200), professional and business services (+1,000), manufacturing (+800), financial activities (+500), and information (+300). Construction (-2,600) was the only sector that decreased from the prior month. Over the month, public sector employment increased by 200 jobs.

This entry was posted in Economics, Employment, New Jersey Real Estate. Bookmark the permalink.

27 Responses to NJ UE Falls to 4.1%

  1. BRT says:

    My body’s tapping out. Pink eye, flu, covid, stomach flu, and now some other fever like illness. All in one month. This is like the first year of teaching all over again.

  2. 3b says:

    We were in the city last night. MSG/ Penn Station area. It was for the most part pretty empty and quiet, some activity here and there, but not much. Very quiet. A lot of homeless people/ beggars. Graffiti is back big time. Very dirty, and lots of empty retail and office space all over. It’s like the 80s again. NYC needs to reinvent itself.

  3. Fast Eddie says:


    Hang in there, it’ll all pass! You’ll come out stronger than ever!

  4. BRT says:

    Thanks eddie. I think the latest one, I’m already pulling through it. But it was an endless assault. My immune system obviously didn’t get it’s practice on germs the past 2 years.

    George Carlin was right

  5. 3b says:

    BRT: Feel better. Take it easy and rest.

  6. RentL0rd says:

    Why do I feel that NJ car dealerships got away too easy?

    I bought a new car last year and there was no way to get out of the $50 nitrogen filling per tire! Not to mention other “crimes”.


  7. leftwing says:

    BRT, sun. Missed today but grab a beach chair, some SPF40, some hydration and park on a beach for three hours tomorrow. Sweat it out. The sun will blast everything out…2 days better, one may suffice.

  8. Trick says:

    No AC because of the construction, they disconnected the condenser in March. Its F!#@# hot.

  9. Ex says:

    Take prednisone to keep inflammation down.
    Feel better! Over the past year I’ve caught two crazy bad viruses.


  10. Phoenix says:

    Get well soon.

  11. Fast Eddie says:

    I see “electionpox” mail-in balloting is brewing. A few thousand mules getting ready to do the will of the people. In other news, diesel is beginning to be rationed. Good luck on the $12 per dozen eggs.

    Nothing built, nothing back, nothing better.

  12. condo says:

    Beach bungalow, 544 sq feet, 2 beds, 1 bath, Stone harbor, $1.2 million.

    Good deal??


    If you were wondering if the housing market is still hot, this sale might tell you.

    A 2 bedroom, 1 bathroom bungalow in Stone Harbor closed this week at $1,195,000 after spending just one day on the market.

    The 544-square-foot home is part of a community of bungalows that were built to house railroad workers.

    “They come up for sale maybe once or twice a year,” said Steve Frame, of Diller Fisher Realtors, the listing agent. “There’s not many of them. Probably 30 bungalows on each court. When they do go up for sale, they sell really quickly.”

    The bungalows were built on three courts between 1908 and 1917 to house railroad and construction workers, according to Seven Mile Times.

    This particular bungalow, which is about 1.5 blocks from the beach, last sold in 2019 for $715,000. The median home price in Stone Harbor is now about $2.6 million, Frame said.

    “These are more affordable for Stone Harbor, to get into a single family home,” he said.

  13. 3b says:

    The last of the poor fools bought that shack!

  14. Fast Eddie says:

    The price for that house in Stone Harbor is warranted. Any menopausal house tour guide would tell you so. In fact, Bergen County residents are the preferred buyers because Stone Harbor calls for a particular clientele. A house tour guide would agree because I was told that certain towns call for certain people. It wasn’t the same house tour guide that told me to take out a 2nd loan to buy another house but it could have been, right?

  15. 3b says:

    No basic bitches welcome in Stone Harbor!

  16. Phoenix says:

    Bungalow for 1.2m.

    Man looks like some must have received massive stimulus checks. Something must have gone wrong, mine couldn’t cover 1/2 of my internet bill, and that’s just plain internet-no TV included.

  17. Phoenix says:

    Insurance will pay that bungalow off and allow them to rebuild whatever they want there.


  18. Phoenix says:

    Ocean City, NJ lots to be sold for 35.50.

    Title Guaranteed Total Charges $35.50
    Finder will receive deed to one Building Lot High and Dry in Ocean City Manor, N.J.


  19. Juice Box says:

    Summer is here Riot Police out yesterday in Long Branch Pier Village.


  20. leftwing says:

    These people are hucksters. Carnival show barkers. Tent show preachers. Worse.

    “Within 6-12 years, breakthroughs in AGI could a accelerate growth in GDP from 3-5% per year to 30-50% per year.”

    I will bet my children on this prediction not coming true. WTF? Do they even perform basic math before posting this phantasmal drivel?

    30-50% annual GDP….sure……Seriously, whatever losses occurred on moneys into ARKK after her forward statements on fund performance ought to come out of her pocket, get the SEC involved.


  21. BRT says:

    lol, 50% gdp growth per year?

  22. leftwing says:

    Right? I mean it’s gotten to the point where she isn’t just taking advantage of the naive, new investor but she’s spitting in their face while she does it….

    Once all the fanfare is over and the economy has normalized in a couple years I’d love to see a sociological/psychological study on what drove this mostly younger, progressive demographic into the arms of a religious zealot nearer the age of their grandparents with an overall average career at best preaching, of all things, the future from this perch.

    Seems she has a bit of an MO of seriously blowing people up in market downturns and then rebooting after it plummets. I’m guessing the noises she’s making now is trying to set a new starting benchmark at these seriously lower values from which to be measured going forward.

  23. leftwing says:

    Everyone’s an Einstein if you ignore downturns, lol.

  24. Crushednjmillenial says:

    Planned obsolescence. . .

    One good thing that may come from a properly-channeled green furor is that appliance manufacturers can face the reckoning they deserve. Any purposeful design for early failure should be considered consumer fraud – treble damages plus atty fees. Whistleblowers from inside companies get half of any damages recovered, so their own employees can’t wait to snitch.

    Seems like a lot of carbon is sent flying when your darn fridge breaks after 2 years and you can’t make a replacement because they welded parts together so you can’t repair.

  25. 3b says:

    Crushed: I believe in EU countries, appliance makers have to guarantee that their products works milk work for a certain number of years.

  26. 3b says:

    Eric Adams considering a run for President in 2024. Not even a year on the job as a Mayor in thinking about a run for President. I think I will throw my hat in as well.

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