Edison, NJ Jobs Report
Real time jobs report data summary. Figures are based on the latest data provided by the Bureau of Labor Statistics (BLS.gov). All jobs numbers are for non-farm employment.
This month, employers are slowly bringing back furloughed workers, but millions are still out of work. The economy has added 1.4 million jobs this month. This month brings the unemployment rate to 8.4 percent, which is a significant drop from almost 15 percent in April. The nonfarm payroll increased by 1.4 million as the economy is trying to climb its way out of the pandemic downturn.
“We continue to be optimistic that the economy has turned a corner and that we’ll continue to see steady progress.” Tony Bedikian, head of global markets at Citizens Bank.
There were close to 240,000 temporary workers hired in the month of August. The labor force participation rate also increased this month to 61.7 percent.
*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov. The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries. The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.