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New Jersey Payrolls Rebound in July as State Unemployment Rate drops to 13.8 Percent

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the staff of the Ridgewood blog

Trenton NJ,  Estimates released by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 129,900 in July to a seasonally adjusted level of 3,751,900. All of the gain was recorded in the private (+146,700) sector of the state’s economy. New Jersey has now regained a total of 341,300 jobs in the three months since a low point in April, or 41 percent of the jobs lost due to the coronavirus pandemic and shutdown measures taken in response to contain it. The state’s unemployment rate fell by 3.0 percentage points in July to 13.8 percent. See the technical notes at the end of this release for further information about the impact of the coronavirus on this month’s employment estimates.

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