From Insider NJ:
New Jersey’s labor market remained strong in April, with nonfarm employment increasing by 15,800 jobs to a seasonally adjusted level of 4,332,300, and the unemployment rate holding steady at 3.5 percent, according to preliminary estimates from the U.S. Bureau of Labor Statistics.
The gain occurred entirely in the private sector, which recorded a month-over-month increase of 15,900 jobs while the public sector shed 100 jobs for the month. The labor force participation rate continued to rise, reaching 65.0 percent in April, the highest rate since June 2013.
The March preliminary employment estimates were revised upward by 5,400, for a gain of 2,800 jobs from February to March. Preliminary estimates indicated a loss of 2,600. The March unemployment rate remained at 3.5 percent.
In April, seven out of nine major private industry sectors experienced job growth. Sectors that recorded employment increases were professional business services (+7,600), trade, transportation, and utilities (+3,600), education and health services (+2,700), leisure and hospitality (+1,200), financial activities (+600), construction (+300), and other services (+200). Sectors that recorded a loss were information (-300) and manufacturing (-100).
Over the past year, New Jersey has added 99,100 nonfarm jobs. These gains were distributed across industries, with eight out of nine major private industry sectors recording job gains. The industries recording year-over-year gains were education and health services (+45,400), leisure and hospitality (+25,600), trade, transportation, and utilities (+8,100), professional and business services (+5,500), other services (+4,000), construction (+3,800), manufacturing (+3,700), and information (+1,400). The only private sector industry to record a loss from April 2022 to April 2023 was financial activities (-200). Year-over-year, the state’s public sector added 1,700 jobs.