Jul-21-11 Private Sector Job Growth Continued in June Adding 6,400 Jobs
Contact: |
|
|
 -News Release- |
Preliminary estimates indicate that total nonfarm wage and salary employment in New Jersey moved modestly higher in June to 3,864,000, as measured by the United States Bureau of Labor Statistics (BLS) through its monthly employer survey. Since January, private sector employment in the Garden State has been on an upward trend adding 38,000 jobs over the five-month period. New Jersey’s unemployment rate edged higher by 0.1 percentage point in June to 9.5 percent.
“New Jersey's private sector job performance continues to show modest growth. We are steadily adding jobs in what has been a tough national environment. If, as we anticipate, the national economy improves, we should start to see some drop in unemployment,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury.
Based on more complete reporting from employers, previously released May estimates were revised higher, up by 3,300, to show an over-the-month (April-May) total nonfarm employment gain of 2,900 jobs. Preliminary estimates indicated an over-the-month loss of 400 jobs.
In June, six of ten industry supersectors recorded job gains led by hiring in leisure and hospitality (+5,200), education and health services (+1,800) and construction (+1,100). Stronger than expected seasonal summer hiring at hotels, restaurants and recreational facilities were responsible for the gains in leisure and hospitality. In education and health services the monthly gains were concentrated in the educational services segment (+2,000). The gain in construction represents the fourth month of job growth in the last five months for the distressed industry. Smaller over-the-month gains were registered in other services (+900), professional and business services (+300), and information (+300).
Industries that registered job loss included manufacturing (-1,900), financial activities (-900) and trade, transportation and utilities (-400). In manufacturing, job loss was recorded in both the durable (-1,100) and nondurable (-800) goods components while the loss in financial activities occurred in the real estate, rental and leasing segment (-900).
Over the month, the unadjusted workweek for production workers increased by 1.3 hours to 41.3 hours, average hourly earnings decreased by $0.15 to $18.94 and weekly earnings were up by $18.62 to $782.22. Compared to June of last year, the unadjusted workweek was higher by 0.9 hours, average hourly earnings increased by $0.02 and weekly earnings were higher by $17.85
Press Release Tables
Technical Notes: Estimates of industry employment and unemployment levels are arrived at through the use of two different monthly surveys.
Industry employment data are derived through the Current Employment Statistics (CES) survey, a monthly survey of business establishments conducted by the US Bureau of Labor Statistics (BLS) of the US Department of Labor, which provides estimates of employment, hours, and earnings data broken down by industry for the nation as a whole, all states, and most major metropolitan areas (often referred to as the “establishment” survey).
Resident employment and unemployment data are mainly derived from the New Jersey portion of the national Current Population Survey (CPS), a household survey conducted each month by the US Census Bureau under contract with BLS, which provides input to the Local Area Unemployment Statistics (LAUS) program (often referred to as the “household” survey).
Both industry and household estimates are revised each month based on additional information from updated survey reports compiled by BLS. In addition, these estimates are benchmarked (revised) annually based on actual counts from New Jersey’s Unemployment Compensation Law administrative records and other data.
30
