follow us:Google+ FacebookLinkedInTwitterRSS Feeds

advertisement

N.J. added 4,500 jobs in April as unemployment dips to 6.9 percent

By

Back to Top Comments Email Print

Latest News

advertisement

New Jersey hit its lowest unemployment mark since 2008 as the rate fell from 7.2 percent in March to 6.9 percent in April, according to new figures released by the state Department of Labor and Workforce Development.

The state also gained a total of 3,300 private-sector jobs and an additional 1,200 public-sector jobs last month.

April’s job increases follow several months of repeated declines, with March seeing the loss of 700 private-sector positions and another 600 public-sector jobs.

“The strong gain in resident employment and the increase in the labor force, along with the drop in the unemployment rate, indicates that the labor market continues to heal,” state Department of Treasury Chief Economist Charles Steindel said. “We appear to be starting some progress on the job front after the recent soft months.”

Leisure and hospitality, transportation, trade and utilities, and professional and business services were among the top private-sector growth sectors last month.

The state notes that since the February 2010 recession low-point, some 125,700 jobs have been since been added.

Liberal think tank New Jersey Policy Perspective said that according to its figures, the state has only recovered 40 percent of the jobs it lost in the recession, lagging behind the nation and the state’s neighbors.

“The latest jobs numbers for New Jersey offer only the tiniest reason for optimism about the state of the Garden State’s economy,” NJPP president Gordon MacInnes said. “Sure, 4,500 jobs were added and the unemployment rate dropped to the lowest level in more than five years, but this doesn’t obscure the fact that New Jersey is in a deep, deep hole and will need a much stronger economic performance to crawl out of it.”

ALSO ON NJBIZ:

Report: N.J. third-least tax friendly state in nation

LCOR, Pinnacle unveil new details for mixed-use project in Montclair

Most-read May 14: Three N.J. health insurers among first to partner with HCCI to develop free online medical care shopping tool

Share This Story On:
Andrew George

Andrew George

Andrew George covers the Statehouse from NJBIZ's Trenton bureau. Born and raised in N.J., Andrew has also spent time as a reporter in D.C., Texas and Pa. His email is andrewg@njbiz.com and he is @AndrGeorge on Twitter.

advertisement

Comments


mrdirt said:
Where are all the jobs?
April 2013 UE Rate 8.5%, April 2014 UE Rate 6.9%. From U.S.Bureau of Labor Statistics New Jersey's labor Force between April 2013 and April 2014 declined by 78,449 and the Employment increased by 396. So the only reason why the UE rate went down was because people left the workforce. How many have lost their UE benefits (EUC and State) these people are no longer counted, How many College Grads in last 5 yrs who are unemployed, they are not counted. If it werent for people leaving the workforce NJ UE rate would stil be 8.5%. The Jobless Recovery Continues

May 17, 2014 7:44 am

mrdirt said:
You may not print this. But does this look like we are in a recovery?n the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning? Presenting... Where the World's Unsold Cars Go To Die
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

May 16, 2014 10:19 pm

mrdirt said:
April 2013 UE Rate 8.5%, April 2014 UE Rate 6.9%. From U.S.Bureau of Labor Statistics
New Jersey's labor Force between April 2013 and April 2014 declined by 78,449 and the Employment increased by 396. So the only reason why the UE rate went down was because
people left the workforce. How many have lost their UE benefits (EUC and State) these people are no longer counted, How many College Grads in last 5 yrs who are unemployed, they are not counted. If it werent for people leaving the workforce NJ UE rate would stil be 8.5%. The Jobless Recovery Continues.

May 16, 2014 11:06 am

mrdirt said:
Several Northeastern states are also in the bottom ten: Maine, New Jersey, New Hampshire, Rhode Island, and Pennsylvania. In all, eleven states have seen fewer than 100 new jobs per 10,000 residents since 2010.
But looking at the overall growth in jobs provides only part of the picture, as not all jobs are created equal. To get at this, EMSI ran the numbers on per capita job growth for both low-wage jobs (which pay less than about $14 dollars an hour) and high wage jobs (those which pay around $21 dollars or more) for the 50 states.
Nationally, slightly less than a third (31 percent) of all jobs generated between 2010 and 2013 were high-wage jobs, while just 26 percent were mid-wage. The greatest share, 43 percent, was low-wage. Nearly a quarter of all new jobs added between 2009 and 2013 were in just five low-skill occupations, including food prep and retail.

May 16, 2014 7:56 am



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
advertisement
  
  
advertisement
  
  
advertisement
Back to Top