Preliminary Estimates Indicate Moderate Job Loss in June
Preliminary labor market estimates for June, produced by the U.S. Bureau of Labor Statistics, indicate that total nonfarm employment decreased in June by 9,700 jobs to a seasonally adjusted level of 4,382,600 jobs, while the state’s unemployment rate rose by 0.1 percentage points to 4.9 percent.
Over the past 12 months, New Jersey has added 7,000 nonfarm jobs. The private sector recorded a gain of 6,600 over that time. Three out of nine private sector industries recorded a gain, including private education and health services (+33,300), financial activities (+1,100), and manufacturing (+100). Losses were recorded year-over-year trade, transportation, and utilities (-9,200), construction (-6,300), information (-5,200), leisure and hospitality (-2,900), professional and business services (-2,200), and other services (-2,100). The public sector has recorded a gain of 400 jobs over the past 12 months.
Revised estimates of total nonfarm employment in May saw a downward revision of 1,600 jobs, resulting in a revised April to May monthly loss of 2,200. The state’s unemployment rate for May was unchanged at 4.8 percent.
In June, two out of nine private industries recorded employment gains compared to May. Those sectors were private education and health services (+1,200) and financial activities (+1,000). Sectors that recorded job losses include trade, transportation, and utilities (-4,200), other services (-2,200), leisure and hospitality (-1,300), construction (-900), and information (-400). Professional and business services as well as manufacturing recorded no change for the month. The public sector recorded a loss of 2,900 jobs for June.
Preliminary BLS estimates data for July will be released on August 14, 2025.
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Article sourced from the New Jersey Department of Labor & Workforce Development.