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Unemployment Rate Edges Lower to 7.5 Percent

Updated: Aug 6, 2022

May 20, 2022 |

Preliminary estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased in April by 3,900 jobs to reach a seasonally adjusted level of 3,900,800. The gains were concentrated in the private sector (+3,500) of the state’s economy. Although modest, the April increase marks the fourth consecutive month of gains in the state’s total nonfarm job level.

NJ SEED: The strongest growth sector in the current report is hospitality and leisure suggesting optimism for the coming tourism season. The season may not turn out to be as strong as anticipated. There are indications that record high gasoline prices are causing cancellations of summer travel plans.

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