New Jersey unemployment rate climbs to 4.5 percent

Unemployment

"The stronger job market attracted many more job seekers into the labor force in August", said Paul Turek, economist for the department. The state's unemployment rate had been increasing steadily since January, when it was 3.2 percent.

The state's unemployment rate last month fell for the first time this year, landing at 4.2 percent in August.

The state's unemployment rate was below the national rate of 4.4 percent in August, which was up one-tenth of a percentage point from July.

Bureau of Labor Statistics preliminary reports announced Thursday show the state shed 700 private sector jobs, but added 900 public positions. The labor force includes those employed and unemployed residents who are actively seeking work.

Industries that gained jobs in August included trade, transportation and utilities (up 3,200), manufacturing (up 800), and professional and business services (up 800).

Over the year, nonfarm employment increased 52,200 jobs, with the greatest amount of growth experienced in trade/transportation/utilities, professional/business services, and leisure/hospitality.

Rhode Island's rate was down one percentage point from a year ago. The U-6 rate considers not only the unemployed population in the official U-3 unemployment rate, but also "the underemployed and those not looking but wanting a job".

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