New Jersey labor market remains resilient in June; unemployment rate increases to 3.7%

New Jersey’s labor market remained steady in June, with nonfarm employment increasing by 600 jobs to a seasonally adjusted level of 4.34 million. The unemployment rate increased to 3.7%, according to preliminary estimates from the U.S. Bureau of Labor Statistics on Thursday.

The May unemployment rate remained at 3.6%.

In June, four out of nine major private industry sectors recorded job growth. Sectors that recorded employment increases were:

  • Education and health services (+2,000);
  • Leisure and hospitality (+1,700);
  • Information (+400);
  • Other services (+200).

Sectors that recorded a loss include:

  • Professional and business services (-1,600);
  • Financial activities (-700);
  • Manufacturing (-600);
  • Trade, transportation, and utilities (-500);
  • Construction (-300).

Year-over-year, the state’s public sector added 5,000 jobs.