Are employers hiring for New Jersey jobs in the New Year?

December 8th, 2017

Employers are showing a strong outlook and may be possibly hiring for New Jersey jobs in the New Year.

Over 60 percent of employers reported they want to hire in the New Year, according to a survey released Monday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Forty-two percent of employers stated they ramped up hiring in 2017 and expect to continue adding workers in 2018. Another 4 percent reported slow hiring in 2017 with plans to significantly hire workers in the New Year, and 12 percent want to hire workers but are having trouble finding those with the skills needed for the job.

“The lack of skilled workers is a real concern for employers who are looking to expand operations in the New Year. The best prospects for jobs in 2018 tend to be found in technology, healthcare, and finance. These careers are highly skilled professions the typically require college degrees or specialized training,” said Andrew Challenger, Vice President of Challenger, Gray & Christmas, Inc.

Another 4 percent of employers plan to bring on more temporary workers in 2018. Meanwhile, 20 percent of employers expect hiring to remain slow in 2018 due to soft demand, and eight percent will decrease hiring in the New Year.

“Often, employers look to temporary workers to fill open positions. A person in this situation may want to give us a call to get advice on how to turn that job into a full-time position,” said Challenger. Ten percent of employers reported that they had other plans than the responses given, including that they had hired for future needs in 2017 and would not be hiring in 2018 or that they will hire as much as they typically do in 2018.

“The jobs are out there. Job seekers who are constantly meeting with contacts – either through networking with friends and former or current colleagues or setting up informational coffee and lunch meetings – will be the most successful. While technology has made the job search something you can do at home on your computer, meeting face-to-face with actual people is crucial to landing a position,” said Challenger.

 

New Jersey jobs grow

December 8th, 2017

Recent labor statistics show that New Jersey jobs are climbing.

The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively.

Employment increased by 228,000 in November. Employment continued to trend up in professional and business services, manufacturing, and health care. Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016.

Employment in professional and business services continued on an upward trend in November (+46,000). Over the past 12 months, the industry has added 548,000 jobs.

In November, manufacturing added 31,000 jobs. Within the industry, employment rose in machinery (+8,000), fabricated metal products (+7,000), computer and electronic products (+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, manufacturing employment has increased by 189,000.

Health care added 30,000 jobs in November. Most of the gain occurred in ambulatory health care services (+25,000), which includes offices of physicians and outpatient care centers. Monthly employment growth in health care has averaged 24,000 thus far in 2017, compared with an average increase of 32,000 per month in 2016.

Within construction, employment among specialty trade contractors increased by 23,000 in November and by 132,000 over the year. Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government, changed little over the month.

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in November.

Trade jobs in New Jersey grow

December 8th, 2017

The number of trade jobs in New Jersey is climbing, according to recent labor statistics.

October’s job gains enhance New Jersey’s continuing employment growth, as private-sector employers have added 34,100 jobs over the past year (October 2016 – October 2017), according to BLS data.

Since February 2010, the low point for private sector employment during the most recent recession, privatesector employers in the Garden State have added 323,700 jobs.

The BLS data for October show total nonfarm wage and salary employment increased to a seasonally adjusted level of 4,125,700.

The unemployment rate ticked up to 4.9 percent, according to preliminary estimates from BLS. Last month, job gains were posted in five of nine major private industry sectors.

Sectors that increased were trade, transportation and utilities (+3,100), manufacturing (+1,700), education and health services (+1,400), information (+1,000), and other services (+700).

Sectors that recorded a loss were financial activities (-2,000), leisure and hospitality (-1,500), professional and business services (-1,100), and construction (-800). Over the month, public sector employment was lower by 900 jobs.

Education jobs in New Jersey climb

November 7th, 2017

According to recent labor statistics, education jobs in New Jersey are growing.

The BLS revisions showed employment up by 1,100 jobs in August, for an over-the-month (July-August) gain of 1,300 jobs, continuing a three-month employment gain in New Jersey.

Previously released August estimates showed an increase of 200 jobs. Preliminary BLS data for September shows payrolls in both private and public sectors of New Jersey’s economy were lower by 6,300, reaching a seasonally adjusted level of 4,124,200 total non-farm jobs.

The unemployment rate in New Jersey moved to 4.7 percent in September, up from 4.5 percent in August, according to preliminary estimates by the BLS.

For the first nine months of 2017, employment is up by 20,500 jobs (+0.5%), adding 19,300 private jobs and 1,200 public jobs. Looking over the longer term growth, New Jersey’s private sector employers have added 31,200 jobs over the past year (September 2016 – September 2017).

Since the recessionary low point of private sector employment in February 2010, the Garden State’s private sector employers have added 317,800 jobs.

In September, job gains were posted in two of nine major private industry sectors. Sectors that increased were education and health services (+4,200) and professional and business services (+800).

Over the month, public sector employment was lower by 400 jobs. Additionally, sectors that reported a dip in employment are leisure and hospitality (-5,500), trade, transportation and utilities (-2,400) information (-1,400), financial activities (-800), construction (-400), manufacturing (-200), and other services (-200).

 

Grants to boost manufacturing jobs in New Jersey

November 7th, 2017

A number of grants will go towards increasing manufacturing jobs in New Jersey.

The New Jersey Department of Labor and Workforce Development (LWD) has named Rutgers University, Fairleigh Dickinson University, Camden County College, Rowan College at Burlington County, Rowan College at Gloucester County, and the New Jersey Institute of Technology as the recipients of $8.4 million in state grants to oversee the state’s Talent Development Centers (TDC) – creating innovative career pathways and apprenticeships in the Garden State’s seven key industries.

“We are proud to partner with our state’s higher education institutions and trust that their knowledge and infrastructure will be able to expand career pathways and apprenticeships that integrate classroom and work-based learning leading to an industry-valued credential,” said Labor Commissioner Aaron R. Fichtner, Ph.D.

Each TDC will receive $1.2 million in state funds to serve as a “centers for excellence” as anchors for expanded, high-quality, employer-driven partnerships that involve businesses, high schools, colleges, universities, labor unions, and workforce development boards.

These institutions will be tasked with providing credential-focused education and training to dislocated, disadvantaged, and currently employed workers, developing partnerships with employers and establishing career pathways toward an industry-valued credential or degree.

The Talent Development Centers were launched by LWD in 2016, with three TDCs –Advanced Manufacturing, Health Care, and Transportation, Logistics & Distribution. The expansion now to seven TDCs comes due to the program’s success.

Education jobs in New Jersey climb

November 7th, 2017

New labor statistics show that education jobs in New Jersey are growing.

The BLS revisions showed employment up by 1,100 jobs in August, for an over-the-month (JulyAugust) gain of 1,300 jobs, continuing a three-month employment gain in New Jersey.

Previously released August estimates showed an increase of 200 jobs. Preliminary BLS data for September shows payrolls in both private and public sectors of New Jersey’s economy were lower by 6,300, reaching a seasonally adjusted level of 4,124,200 total non-farm jobs.

For the first nine months of 2017, employment is up by 20,500 jobs (+0.5%), adding 19,300 private jobs and 1,200 public jobs. Looking over the longer term growth, New Jersey’s private sector employers have added 31,200 jobs over the past year (September 2016 – September 2017).

Since the recessionary low point of private sector employment in February 2010, the Garden State’s private sector employers have added 317,800 jobs.

In September, job gains were posted in two of nine major private industry sectors. Sectors that increased were education and health services (+4,200) and professional and business services (+800). Over the month, public sector employment was lower by 400 jobs.

Additionally, sectors that reported a dip in employment are leisure and hospitality (-5,500), trade, transportation and utilities (-2,400) information (-1,400), financial activities (-800), construction (-400), manufacturing (-200), and other services (-200).

New Jersey retail jobs grow

October 7th, 2017

Cellular giant Sprint is expanding and hiring for New Jersey retail jobs.

Karen Paletta, Sprint’s region president for New York and New Jersey, announced a minimum of 300 jobs will be added throughout both states as a part of Sprint’s local retail expansion strategy.

Adding team members and 64 stores to the New York metro area and New Jersey is incredibly significant to Sprint,” said Paletta.

“It’s our single largest expansion in years and it’s only the beginning of our plans. We’re looking forward to bringing even more shopping experiences and services to customers across the area.”

Most roles will staff the 43 stores Sprint plans to open in the New York City, Long Island and the lower Hudson Valley and 21 stores across New Jersey this year.

Sprint also is creating jobs and opening new store locations throughout Upstate New York,Rhode Island, Connecticut, Massachusetts and New Hampshire.

Long term job growth in Jersey looks strong

October 7th, 2017

The outlook on job growth in New Jersey appears strong, according to labor statistics.

New Jersey’s long-term employment trend remains positive, with 57,500 private sector jobs added over the past year (July 2015 – July 2016), although jobs moved lower in July, according to preliminary data from the United States Bureau of Labor Statistics (BLS).

Preliminary BLS data for July shows employment contracted by 4,700 nonfarm jobs. The three-month moving average, which evens out the volatility in the monthly employment figures, shows New Jersey’s private sector employment growth averaging 3,700 jobs over the last three months.

New Jersey has added 275,900 private-sector jobs since February 2010, the low point of private-sector employment during the recession. While the July unemployment rate ticked up to 5.2 percent, the Garden State’s labor force participation rate, representing the number of people employed or actively seeking work, continues to exceed the national rate, 64.1 percent to 62.8 percent.

Previously released June estimates were revised lower by 4,200, to show an over-the-month nonfarm employment gain of 16,100 nonfarm jobs.

“The downward revision to June’s payroll figure is unsurprising given how strong the preliminary estimate was. This combined with July’s job loss clearly illustrates the volatility that has characterized monthly payroll growth throughout 2016. The bottom line, however, is that the Garden State’s economy continues to grow and add jobs with a total net gain of 57,500 private sector jobs over the past year,” said James Wooster, Chief Economist for the New Jersey Department of Treasury.

New Jersey education jobs climb

October 7th, 2017

The latest labor statistics show that New Jersey jobs are climbing.

Employment in the Garden State remained stable in August, with the modest addition of 200 jobs, according to preliminary estimates released by the federal Bureau of Labor Statistics (BLS).

Payrolls in both the private and public sectors of New Jersey’s economy were nearly unchanged in August after employers added nearly 22,000 over the summer months.

Total nonfarm employment increased by 200 jobs (-700 private, +900 public) to reach a seasonally adjusted level of 4,129,400 in August. Looking at employment over the longer term, New Jersey’s private sector employers have added 42,400 jobs over the past year (August 2016 – August 2017). Since the recessionary low of February 2010, private sector employment in the Garden State has increased by 322,800 jobs.

Based on more complete reporting from employers, previously released July estimates were revised to an over-the-month (June-July) total nonfarm employment gain of 6,700 jobs. Preliminary estimates had initially indicated an over-the-month gain of 9,800 jobs. Meanwhile, the unemployment rate in New Jersey ticked up to 4.5 percent in August, up from 4.2 percent in July, according to preliminary estimates by the BLS.

The unemployment rate in New Jersey remains 0.5 percentage point lower than it was in August 2016 at 5.0 percent.

In August, job gains were posted in five of nine major private industry sectors. Sectors that increased included leisure and hospitality (+3,700), education and health services (+2,200), construction (+1,300), trade, transportation and utilities (+100) and manufacturing (+100). Sectors that recorded a loss were professional and business services (-4,600), other services (-1,500), financial activities (-1,300), and information (-600). Over the month, public sector employment was higher by 900 jobs.

Hospitality jobs in Jersey grow

September 9th, 2017

More hospitality jobs in Jersey are being added.

Employment gains in July, coupled with an upward revision in June’s preliminary estimate, showed a payroll growth of nearly 25,000 jobs over the two-month period in New Jersey. Total nonfarm wage and salary employment increased by 9,800 in July to reach a seasonally adjusted level of 4,132,300, marking the highest level of nonfarm employment reported in New Jersey history.

The majority of July’s monthly gain occurred in the private sector (+7,300) of the state’s economy, as private sector employment in the Garden State hit a historic high and is now 77,700 jobs higher than the peak employment level reached before the last recession.

In July, job gains were posted in five of nine major private industry sectors. Sectors that increased included leisure and hospitality (+6,900), professional and business services (+2,200), financial activities (+1,100), trade, transportation and utilities (+900) and construction (+900).

Sectors that recorded a loss were manufacturing (-2,200), other services (-1,600), information (-500) and education and health services (-400).

Over the month, public sector employment was higher by 2,500 jobs with the majority of the gains recorded in the local government sector.