NJ Add Jobs, Employment Growth Continues for 21st Straight Month in State


Employment growth continued to be robust in August, with the state adding 15,400 nonfarm jobs in the final month of summer, the 21st month of consecutive job growth, according to preliminary estimates produced by the U.S. Bureau of Labor Statistics.

The state has added an average of 12,700 jobs per month over the past three months, the estimates show.

Today’s state job report shows that nonfarm employment reached a seasonally adjusted level of 4,241,200 in August. Private-sector employment grew by 12,200 jobs (+15,500 per month in 2022).

The unemployment rate rose by 0.3 percentage points to 4.0 percent in August, primarily driven by a rise in labor-force participation, signaling that more workers are seeking jobs because of strong labor market conditions.

The revised July nonfarm employment estimates increased by 7,500 to an over-the-month increase of 13,800 jobs. Preliminary estimates had shown a rise of 6,300 from June to July. The unemployment rate was unchanged at 3.7 percent.

In August, six out of nine major private industry sectors recorded job growth.

Sectors that recorded employment increases were trade, transportation, and utilities (+5,400), education and health services (+4,200), construction (+2,600), professional and business services (+900), information (+800), and financial activities (+500).

The three sectors that recorded employment losses were leisure and hospitality (-1,000), manufacturing (-600), and other services (-600). Month-over-month, public sector employment increased by 3,200 jobs.

Preliminary BLS data for September will be released on October 20, 2022.

Check out the full statistics on employment in the State of New Jersey here.

Morristown Minute has been approved for the 2022 Local News Fund!*

Our reporters will be dedicating time and resources to investigating the roadblocks to mental health accessibility in our town.

Donate to Morristown, NJs local mental health accessibility fund today!

Scan the QR code to donate!

*The 2022 Local News Fund is a program administered by the Local Media Foundation, a 501(c)(3) organization affiliated with the Local Media Association. The purpose of the program is to allow independent and family-owned news organizations to solicit tax-deductible donations from their communities for journalism projects that focus on critical local issues. Contributions to this program are tax-deductible to the full extent of U.S. law; please consult a tax advisor for details.

I'm interested
I disagree with this
This is unverified