TRENTON – The state’s unemployment rate jumped slightly in June, according to the latest data from the New Jersey Department of Labor and Workforce Development.
Unemployment in June rose to 9.6 percent from May’s 9.2 percent, according to the agency’s release, which boasted the state’s employers added 9,900 jobs to their payrolls.
Despite the increase in the joblessness rate, the state Department of Labor and Workforce Development stated that combined with May’s jobs growth, the state has added 25,000 jobs, the largest two-month gain in over 12 years.
However, figures from May were revised downward by 3,200 jobs, resulting in 14,400 jobs from an original estimate of 17,600 jobs, the Labor Department reported.
The increase in the unemployment rate was attributed partly to the increase in people actively seeking work, and in particular to seasonal work.
“If the job count keeps rising at this pace, unemployment will inevitably come down,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury.
In June, private sector job gains were posted in six of ten industry sectors; three recorded losses while one was unchanged.
According to the Labor Department, the industry sector with the largest gain was leisure and hospitality, which added 6,100 jobs, boosted by greater than expected seasonal hiring.
Other industries that registered larger gains included education and health services (+2,500), professional and business services (+2,000), and financial activities (+1,200).
In education and health services, gains were recorded in both components; educational services (+900) and health care and social assistance (+1,600).
The Labor Department said that the advance in professional and business services was due to hiring in the administrative support/waste management/remediation segment (+2,500) while the increase in financial activities was split among the finance and insurance (+300) and real estate, rental and leasing (+900) components.
The largest over-the-month loss occurred in the trade, transportation and utilities sector (-2,500), mainly due to cutbacks in the wholesale trade subsector (-2,300).
Losses also occurred in manufacturing (-2,400) and construction (-500). Employment in the information sector was unchanged.
In June, public sector employment was higher by 2,300 due to gains in local government (+3,100) as payrolls were lower at both the state (-500) and federal (-300) government levels, the Labor Department said.