STATE—New Jersey employers shed jobs for the fourth consecutive month in November while the state’s unemployment rate moved higher. Employment was lower by 6,200 over the month.
The state’s unemployment rate rose to 6.1 percent, the highest rate since August 1996.
“The November data underscore how deeply the national recession is hitting our labor market,” said Labor Commissioner David J. Socolow.
According to preliminary estimates from the New Jersey Department of Labor and Workforce Development’s monthly survey of employers, non-farm wage and salary employment in the Garden State fell by 6,200 in November to a total of 4,048,200. Losses occurred in both the private and the public sectors of New Jersey’s economy.
Based on more complete reporting, the previously-released October employment estimate was revised downward by 1,000 to reflect a September-to-October loss of 7,000 jobs.