N.J. unemployment falls to 3.3%; job growth slows in September

On Thursday, the U.S. Bureau of Labor Statistics announced total nonfarm wage and salary employment in New Jersey increased by 3,800 in September, reaching a seasonally adjusted level of 4,239,600.

Specifically, in September, public-sector employment grew by 8,200 jobs, while private-sector employment declined by 4,400.

So far in 2022, New Jersey employers have added nearly 123,000 jobs, and nearly 195,000 over the past 12 months.

The unemployment rate fell by 0.7 of a percentage point, to 3.3%, in September as many previously unemployed residents found new employment while others left the labor force.

In September, four out of nine major private industry sectors recorded job growth.

Sectors that recorded employment increases were:

  • Other services (+1,600);
  • Leisure and hospitality (+500);
  • Information (+300); and
  • Manufacturing (+100).

Sectors that recorded losses were:

  • Construction (-2,700);
  • Professional and business services (-2,700); and
  • Trade, transportation and utilities (-1,500).