N.J. labor market stable in May

Posted: June 17, 2011

New Jersey's job market was little changed last month, with employment dropping by 400 and the jobless rate rising by 0.1 of a percentage point to 9.4 percent, the state Department of Labor and Workforce Development said.

State officials called the May numbers disappointing but said increases in jobs in two sectors, finance and professional/business services, suggest the overall jobs trend is positive. Health/education jobs also rose, but there were declines in manufacturing and trade/transportation/utilities.

Since January, total nonfarm employment in New Jersey is up by 30,100 jobs.    -Paul Schweizer

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