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Table 1: Major Indicators of Labor Market Activity for New Jersey

Seasonally Adjusted (thousands)
2006 Benchmark
Labor Force Data (resident)
Current Month Previous Month One Year Ago Net Change Net Change
December 07 November 07 December 06 over the Month over the Year
Civilian Labor Force 4,529.9 4,522.1 4,531.9 7.8 -2.0
Employment 4,327.1 4,331.0 4,336.5 -3.9 -9.4
Unemployment 202.8 191.1 195.5 11.7 7.3
Unemployment Rate 4.5% 4.2% 4.3% +0.3 pt +0.2 pt
Employment Data (establishment)
Current Month Previous Month One Year Ago Net Change Net Change
Dec. 07 (P) Nov. 07 (R) Dec. 06 over the Month over the Year
Total Nonfarm 4,114.9 4,111.2 4,085.5 3.7 29.4
Total Private Sector 3,457.3 3,453.8 3,433.7 3.5 23.6
Goods Producing 489.2 490.2 495.5 -1.0 -6.3
Natural Resources and Mining 1.8 1.7 1.9 0.1 -0.1
Construction 171.5 172.3 172.9 -0.8 -1.4
Manufacturing 315.9 316.2 320.7 -0.3 -4.8
Service-Providing 3,625.7 3,621.0 3,590.0 4.7 35.7
Private Service-Providing 2,968.1 2,963.6 2,938.2 4.5 29.9
Trade, Transportation & Utilities 876.3 876.0 875.5 0.3 0.8
Information 99.2 98.8 99.7 0.4 -0.5
Financial Activities 280.6 281.1 282.3 -0.5 -1.7
Professional and Business Services 620.5 619.3 607.4 1.2 13.1
Education and Health Services 586.9 585.3 574.4 1.6 12.5
Leisure and Hospitality 342.2 340.8 338.4 1.4 3.8
Other Services 162.4 162.3 160.5 0.1 1.9
Public Sector 657.6 657.4 651.8 0.2 5.8
Weekly Hours of Work (not seasonally adjusted)
Manufacturing 42.1 41.8 42.0 0.3 0.1
Durables 42.0 41.8 41.8 0.2 0.2
Nondurables 42.1 41.8 42.1 0.3 0.0
Information 34.7 34.7 35.1 0.0 -0.4
Hourly Earnings (not seasonally adjusted)
Manufacturing $17.62 $17.42 $17.08 $0.20 $0.54
Durables $19.71 $19.57 $18.58 $0.14 $1.13
Nondurables $15.91 $15.71 $15.93 $0.20 -$0.02
Information $31.91 $31.79 $33.20 $0.12 -$1.29
Weekly Earnings (not seasonally adjusted)*
Manufacturing $741.80 $728.16 $717.36 $13.64 $24.44
Durable Goods $827.82 $818.03 $776.64 $9.79 $51.18
Nondurable Goods $669.81 $656.68 $670.65 $13.13 -$0.84
Information $1,107.28 $1,103.11 $1,165.32 $4.17 -$58.04
January 16, 2008 P - preliminary, R-revised.
* Weekly earnings are computed from not seasonally adjusted hourly earnings and hours of work data.
Source: New Jersey Department of Labor and Workforce Development, Division of Labor Market and Demographic Research.
Table 2: New Jersey Civilian Labor Force Trends (thousands)
2006 Benchmark
Not Seasonally Adjusted Seasonally Adjusted
Dec. 07 Nov. 07 Dec. 06 Dec. 07 Nov. 07 Dec. 06
Civilian Labor Force 4,521.0 4,517.0 4,528.8 4,529.9 4,522.1 4,531.9
Resident Employment 4,335.0 4,339.7 4,354.4 4,327.1 4,331.0 4,336.5
Unemployment 186.0 177.4 174.5 202.8 191.1 195.5
Labor Force Participation Rate 66.1% 66.1% 66.7% 66.3% 66.2% 66.7%
Employment/Population Ratio 63.4% 63.5% 64.1% 63.3% 63.4% 63.9%
Unemployment Rate 4.1% 3.9% 3.9% 4.5% 4.2% 4.3%
New Jersey Civilian Labor Force Annual Averages 1990 - 2006
Unemployment Unemployment
Year Labor Force Employment Volume Rate (%)
1990 4,072.5 3,865.0 207.5 5.1
1991 4,050.4 3,776.6 273.7 6.8
1992 4,051.9 3,709.5 342.4 8.5
1993 4,034.6 3,727.3 307.3 7.6
1994 4,067.5 3,790.0 277.5 6.8
1995 4,111.8 3,846.3 265.5 6.5
1996 4,184.1 3,925.8 258.3 6.2
1997 4,257.4 4,031.0 226.4 5.3
1998 4,242.4 4,047.1 195.3 4.6
1999 4,284.6 4,092.7 191.8 4.5
2000 4,287.8 4,130.3 157.5 3.7
2001 4,302.3 4,117.5 184.8 4.3
2002 4,370.8 4,117.3 253.5 5.8
2003 4,383.1 4,126.7 256.5 5.9
2004 4,394.5 4,177.8 216.6 4.9
2005 4,455.1 4,255.8 199.3 4.5
2006 4,518.0 4,309.0 209.0 4.6
Seasonally Adjusted Civilian Labor Force Data for New Jersey (thousands) 2006-2007
Unemployment Unemployment
Date Labor Force Employment Volume Rate %
Jan 2006 4,498.4 4,284.7 213.7 4.8
Feb 4,500.7 4,288.8 211.9 4.7
Mar 4,507.6 4,297.0 210.5 4.7
Apr 4,511.4 4,296.6 214.8 4.8
May 4,510.4 4,299.0 211.4 4.7
Jun 4,515.9 4,304.7 211.1 4.7
Jul 4,524.6 4,311.4 213.2 4.7
Aug 4,530.4 4,316.2 214.2 4.7
Sep 4,527.7 4,317.4 210.3 4.6
Oct 4,526.8 4,325.5 201.3 4.5
Nov 4,530.7 4,330.5 200.2 4.4
Dec 4,531.9 4,336.5 195.5 4.3
Jan 2007 4,528.6 4,337.4 191.2 4.2
Feb 4,520.9 4,334.1 186.9 4.1
Mar 4,499.5 4,305.6 193.9 4.3
Apr 4,488.9 4,294.3 194.5 4.3
May 4,468.5 4,278.1 190.4 4.3
Jun 4,500.0 4,306.1 193.9 4.3
Jul 4,478.9 4,274.2 204.7 4.6
Aug 4,475.4 4,282.3 193.1 4.3
Sep 4,513.0 4,318.2 194.8 4.3
Oct 4,500.2 4,314.3 185.8 4.1
Nov 4,522.1 4,331.0 191.1 4.2
Dec 4,529.9 4,327.1 202.8 4.5
Source: New Jersey Department of Labor and Workforce Development, Division of Labor Market & Demographic Research.
January 16, 2008
Table 3: New Jersey Nonfarm Employment by Industry for December 2007
Not Seasonally Adjusted (thousands) 2006 Benchmark
Current Month Previous Month One Year Ago Net Change
Industry Dec. 07(P) Nov. 07(R) Dec. 06 over the Year
Total Nonfarm 4,152.3 4,142.3 4,122.8 29.5
Total Private Sector 3,483.5 3,472.6 3,459.8 23.7
Goods Producing 492.3 495.4 498.7 -6.4
Natural Resources & Mining 1.8 1.7 1.9 -0.1
Construction 173.0 175.8 174.5 -1.5
Manufacturing 317.5 317.9 322.3 -4.8
Durable Goods 139.7 139.3 142.7 -3.0
Fabricated Metal Products 25.1 25.0 26.9 -1.8
Machinery Manufacturing 16.9 16.7 16.9 0.0
Computer and Electronic Products 29.4 29.4 31.4 -2.0
Transportation Equipment Manufacturing 6.8 6.7 6.9 -0.1
Miscellaneous Manufacturing 20.9 21.0 21.0 -0.1
Nondurable Goods 177.8 178.6 179.6 -1.8
Food Manufacturing 30.4 30.5 31.2 -0.8
Paper Manufacturing 14.1 14.0 14.0 0.1
Printing and Related Support 23.8 24.0 23.3 0.5
Chemical Manufacturing 71.1 71.2 70.3 0.8
Plastics and Rubber Products 18.5 18.7 19.8 -1.3
Service-Providing 3,660.0 3,646.9 3,624.1 35.9
Private Service-Providing 2,991.2 2,977.2 2,961.1 30.1
Trade, Transportation, and Utilities 904.6 892.2 903.8 0.8
Wholesale Trade* 231.9 231.4 230.9 1.0
Retail Trade* 495.6 484.7 492.6 3.0
Building Material & Garden Equip. and Supplies Dealers 37.7 38.0 37.2 0.5
Food and Beverage Stores 113.3 112.6 112.1 1.2
Health and Personal Care Stores 39.5 38.8 38.6 0.9
Gasoline Stations 14.5 14.4 15.0 -0.5
Clothing and Clothing Accessories Stores 66.0 62.5 64.3 1.7
Sporting Goods, Hobby, Book and Music Stores 25.4 23.2 25.8 -0.4
General Merchandise Stores 75.0 71.3 75.7 -0.7
Transportation, Warehousing and Utilities 177.1 176.1 180.3 -3.2
Utilities* 14.2 14.2 13.9 0.3
Transportation & Warehousing* 162.9 161.9 166.4 -3.5
Information 99.6 99.2 100.0 -0.4
Publishing Industries (except Internet) 28.9 28.9 30.1 -1.2
Telecommunications 37.4 37.4 39.2 -1.8
Internet Service Providers, Web Portals, Data Processing Srvs. 15.1 15.0 15.8 -0.7
Financial Activities 281.2 280.9 282.9 -1.7
Finance and Insurance* 219.9 219.9 221.9 -2.0
Securities, Commodity Contracts and Other Fin. Investments 52.6 52.9 52.1 0.5
Insurance Carriers and Related Activities 84.3 84.2 84.4 -0.1
Real Estate and Rental/Leasing* 61.3 61.0 61.0 0.3
Professional and Business Services 621.9 622.4 608.7 13.2
Professional, Scientific and Technical Services* 289.9 288.0 281.7 8.2
Management of Companies and Enterprises* 69.8 69.4 67.6 2.2
Administrative Support & Waste Management/Remediation* 262.2 265.0 259.4 2.8
Education, Health and Social Assistance Services 590.3 588.7 577.7 12.6
Educational Services* 91.3 91.5 89.8 1.5
Health Care and Social Assistance* 499.0 497.2 487.9 11.1
Hospitals 156.0 156.5 155.1 0.9
Nursing and Residential Care Facilities 84.9 84.7 82.4 2.5
Social Assistance 76.7 76.3 74.1 2.6
Leisure and Hospitality 331.2 331.8 327.5 3.7
Arts, Entertainment and Recreation* 45.0 46.5 43.7 1.3
Accommodation and Food Services* 286.2 285.3 283.8 2.4
Food Services and Drinking Places 222.7 220.9 217.8 4.9
Other Services 162.4 162.0 160.5 1.9
Repair and Maintenance 36.6 36.6 36.4 0.2
Personal and Laundry Services 48.6 48.6 48.2 0.4
Religious, Grantmaking, Civic, Professional and Similar Org. 77.2 76.8 75.9 1.3
Government 668.8 669.7 663.0 5.8
January 16, 2008 P - preliminary, R-revised.
Shaded rows denote supersector series, * denote sector series.
Source: New Jersey Department of Labor and Workforce Development, Division of Labor Market and Demographic Research.
Table 4: New Jersey Nonfarm Employment (in thousands) 2006 Benchmark
Annual Averages
Total Private Sector Public
Service-
Year Total Manufacturing Construction Providing
1990 3,635.1 3,058.4 529.5 147.7 2,378.1 576.7
1991 3,498.7 2,927.1 498.3 122.6 2,303.7 571.6
1992 3,457.9 2,886.0 474.1 112.1 2,297.5 571.9
1993 3,493.0 2,922.3 462.9 116.3 2,340.8 570.7
1994 3,552.8 2,979.4 456.0 121.7 2,399.3 573.4
1995 3,600.6 3,027.2 448.6 123.3 2,452.9 573.4
1996 3,638.9 3,068.3 437.4 125.0 2,503.8 570.6
1997 3,724.5 3,154.3 435.4 131.8 2,584.8 570.3
1998 3,801.3 3,229.6 429.4 136.1 2,661.8 571.7
1999 3,901.1 3,323.5 422.5 143.6 2,755.3 577.6
2000 3,994.5 3,405.7 421.6 149.6 2,832.6 588.9
2001 3,997.2 3,394.6 401.2 158.8 2,832.8 602.6
2002 3,983.9 3,370.4 367.5 162.6 2,838.8 613.5
2003 3,978.8 3,356.9 350.4 160.5 2,844.5 621.9
2004 3,999.1 3,365.7 338.2 165.9 2,860.0 633.4
2005 4,039.1 3,397.5 330.4 169.1 2,896.3 641.6
2006 4,075.0 3,426.1 325.0 174.3 2,924.9 648.9
Seasonally Adjusted Monthly Data
2006
Jan 4,063.1 3,416.4 330.3 174.1 2,910.4 646.7
Feb 4,066.4 3,419.5 327.8 177.4 2,912.7 646.9
Mar 4,073.4 3,426.3 327.2 176.3 2,921.1 647.1
Apr 4,067.0 3,419.8 326.5 176.8 2,914.7 647.2
May 4,073.0 3,425.1 325.9 175.5 2,921.9 647.9
Jun 4,077.6 3,428.8 325.1 174.8 2,927.1 648.8
Jul 4,075.8 3,426.2 325.4 173.1 2,925.9 649.6
Aug 4,077.8 3,428.1 324.1 173.0 2,929.3 649.7
Sep 4,075.5 3,427.8 323.2 172.9 2,930.0 647.7
Oct 4,083.8 3,431.6 322.0 173.1 2,934.6 652.2
Nov 4,081.5 3,429.9 320.5 172.5 2,935.0 651.6
Dec 4,085.5 3,433.7 320.7 172.9 2,938.2 651.8

2007
Jan 4,090.8 3,439.0 321.1 173.9 2,942.2 651.8
Feb 4,085.0 3,432.4 320.6 171.6 2,938.6 652.6
Mar 4,089.4 3,436.3 319.7 173.4 2,941.5 653.1
Apr 4,087.3 3,434.2 318.6 173.8 2,940.1 653.1
May 4,093.2 3,440.5 317.6 173.2 2,947.9 652.7
Jun 4,095.5 3,441.8 317.6 172.3 2,950.1 653.7
Jul 4,100.5 3,446.1 319.0 171.9 2,953.4 654.4
Aug 4,100.1 3,446.1 317.7 171.9 2,954.7 654.0
Sep 4,106.3 3,451.6 317.4 172.3 2,960.1 654.7
Oct 4,107.7 3,451.6 317.0 172.5 2,960.3 656.1
Nov (R) 4,111.2 3,453.8 316.2 172.3 2,963.6 657.4
Dec (P) 4,114.9 3,457.3 315.9 171.5 2,968.1 657.6
January 16, 2008 P - preliminary, R-revised.
Source: New Jersey Department of Labor and Workforce Development, Division of Labor Market & Demographic Research.
Key Economic Indicators: December 2007
(Seasonally Adjusted)

New Jersey Total Nonfarm Employment
4,125

4,100
(Thousands)

4,075

4,050

4,025

4,000
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006

New Jersey Private Service-Providing Employment
3,000

2,960
(Thousands)

2,920

2,880

2,840

2,800
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006

New Jersey Total Unemployment Rate
5.2
5.0
4.8
4.6
Percent

4.4
4.2
4.0
3.8
3.6
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006
y Total Nonfarm Employment

Apr May Jun Jul Aug Sep Oct Nov Dec
2006
Seasonally Adjusted
Date NJ Nonfarm NJ PS Providing NJ TUR (%)
Dec 4,086 2,938 4.3
Jan 4,091 2,942 4.2
Feb 4,085 2,939 4.1
Mar 4,089 2,942 4.3
Apr 4,087 2,940 4.3
May 4,093 2,948 4.3
Jun 4,096 2,950 4.3
Jul 4,100 2,953 4.6
Aug 4,100 2,955 4.3
Sep 4,106 2,960 4.3
Oct 4,108 2,960 4.1
Nov 4,110 2,964 4.2
Dec 4,115 2,968 4.5