New Jersey private sector employment finally surpasses pre-pandemic levels

Trenton – New Jersey’s economy is gaining more private sector jobs than it did before the COVID pandemic hit in March 2020, but overall employment is down as public sector hiring still lags. has not yet fully recovered.

A 9,800 job addition last month combined with a 15,300 increase in the size of the labor force combined with a 15,300 job increase in the size of the labor force, the monthly employment report released by the state labor department on Thursday showed the unemployment rate steady at 3.9% in June. is shown.

Job gains in June included 7,600 jobs in leisure and hospitality, 4,200 jobs in trade, transport and utilities, and 3,800 jobs in education and health services.

However, some sectors contracted, such as 2,700 in financial activities, 2,600 in professional and business services and 2,200 in construction.

In the first two months of the pandemic, all non-essential businesses were ordered to close, and 732,600 jobs were lost in the New Jersey economy. This is more than one of her six jobs in the state.

Since bottoming out in April 2020, 717,000 jobs have recovered, registering increases in all but one of the last 26 months. June’s provisional employment gain of 9,800 jobs was the smallest since August last year, making him the third-smallest monthly increase in the recovery.

Private sector employment of 3,629,900 in June is 8,600 more than in February 2020.

However, public sector employment figures of 582,900 in June remain 24,200 below February 2020 levels. He bottomed out by July 2020 and since then has regained 57% of his losses.

Michael Symons is the State Legislature Commissioner for New Jersey 101.5. You can reach him at [email protected].

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