Tag: the U.S. Bureau of Labor Statistics

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New Jersey Job Numbers Soft Despite Plunge in Unemployment Rate

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  • Private-sector jobs fall for first time since the worst of the pandemic
  • Sharp drop in the unemployment rate reflects decline in labor force, as well as increase in numbers working
  • Sharp decline in construction, as government jobs grow

the staff of the Ridgewood blog

Morristown NJ, on October 20th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for September 2022. Dr. Charles Steindel, former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative: Continue reading New Jersey Job Numbers Soft Despite Plunge in Unemployment Rate

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Nonfarm Payroll Employment rose by 390,000 in May with Labor Force Participation Rate, Little Changed at 62.3 percent

the staff of the Ridgewood blog

Washington DC, total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined.

Continue reading Nonfarm Payroll Employment rose by 390,000 in May with Labor Force Participation Rate, Little Changed at 62.3 percent