Jul-18-13 New Jersey Employers Added 4,600 Jobs In June Revised Data Shows Private Sector Increased By 17,600 In May
TRENTON, JULY 18, 2013 _ New Jersey’s economy continued to expand in June, adding 4,600 total non-farm jobs during a fifth consecutive monthly employment increase, according to preliminary data released by the United States Bureau of Labor Statistics (BLS). The BLS also revised May’s employment data, showing private sector job growth that month climbed much higher, for a total of 17,600 private sector jobs.
In fact, New Jersey employers have added to their payrolls in nine of the last eleven months, increasing total non-farm jobholding in the Garden State by 74,800 over the past year (June 2012 – June 2013). Since February 2010, the recessionary low point for private sector employment, private sector employment has increased by 148,600 jobs.
“Putting together May and June, New Jersey created more than 21,000 new jobs over the last two months, continuing its recent impressive performance. Overall resident employment also rose in June and shows a marked gain over the past year, and the unemployment rate remains a full point under last year’s peak,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury.
The unemployment rate, which had historic drops since January, edged up in June to 8.7 percent, an increase of 0.1 percentage point from the May rate of 8.6 percent. The uptick was mainly a result of more persons entering the labor force as recent college graduates and others encouraged by New Jersey’s growing economy began their job search.
Preliminary estimates indicate that total nonfarm wage and salary employment in New Jersey increased in June to a seasonally adjusted 3,969,800, as measured by the BLS through its monthly employer survey. Gains were recorded in both the private (+1,300) and public (+3,300) sectors of the state’s economy.
Based on more complete reporting from employers, previously released May estimates were revised higher, up by 3,000, to show an over-the-month (April – May) total nonfarm employment gain of 17,300 jobs. Preliminary estimates had initially indicated an over-the-month gain of 14,300 total non-farm jobs, with private employment up 15,400 and public employment down by 1,100. The revised data showed May with a 17,600 growth in private sector employment and a 300 job drop in the public sector.
In June, private sector job gains were posted in five of nine major industry sectors while four recorded a loss. Industries with job growth included: leisure and hospitality (+3,500), professional and business services (+1,900), financial activities (+1,800), education and health services (+1,200), and construction (+400). Job contraction occurred in trade, transportation, and utilities (-2,200), information (-2,100), manufacturing (-1,800) and other services (-1,500).
Summer seasonal hiring in the public sector in June contributed to increases at all three governmental levels: federal (+300), state (+2,300) and local (+700).
Over the month, the unadjusted workweek for production workers decreased 0.6 hours to 40.5 hours, average hourly earnings were higher by $0.20 to $19.11, and weekly earnings fell by $3.24 to $773.96. Compared to June of last year, the unadjusted workweek decreased by 1.2 hours, average hourly earnings decreased by $0.15, and weekly earnings were lower by $29.18.
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.