Parsippany, 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.
Metro
+100,700
State
-5,200
National
+245,000
Metro
9.7%
State
8.2%
National
6.7%
Due to the rise of COVID-19 cases, there is a reflection in the latest jobs report in the cities that have new shutdown measures aimed to slow down the spread of the virus. These renewed restrictions weighed on the rate of recovery in the labor market. November’s unemployment rate also improved just marginally to 6.7% from the 6.9% reported in October, missing the predictions.
1.5 million workers claimed benefits for the comparable week in 2019. “Normal holiday hiring swings and anticipated seasonal furloughs in certain sectors like construction or retail could muddy the data on the extent of economic damage as COVID-19 cases rise,” Glassdoor senior economist Daniel Zhao said Thursday.
*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.
