Subscribe now. Gov. TRENTON, N.J. (AP) — New Jersey's unemployment rate, driven up by the economic fallout from the COVID-19 outbreak, fell by more than 4 percentage points to 6.7% in September… Jobs in the public sector fell by 2,600, largely concentrated at the federal level, the Bureau of Labor Statistics estimates. September 2020 unemployment rate and jobs report The unemployment rate fell to 7.9% in September, but job growth continued to stall New Jersey’s unemployment rate continues to rise ever-higher, reaching 10.2% for the month of November, the state Department of Labor announced. 130/2020 – 1 September 2020 July 2020 Euro area unemployment at 7.9% EU at 7.2% In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the euro area seasonally-adjusted unemployment rate was 7.9%, up from 7.7% in June 2020. Before the coronavirus pandemic hit in mid-March, abruptly requiring nonessential businesses to shut down, leading to mass layoffs and furloughs, unemployment was among the lowest in the nation at 3.8%. The BLS reported that the unemployment rate for New York fell 1.1 percentage points in December 2020 to 8.4%. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Tax rates for the third quarter range from 0.10% to 2.70% for positive-rated employers and from 4.30% to 8.50% for negative-rated employers. All rights reserved (About Us). Sectors that recorded employment decreases include leisure and hospitality (-8,900), financial activities Our journalism needs your support. The current U.S. unemployment rate was 6.2% in February 2021. He wasn’t surprised by the step backwards in New Jersey’s unemployment rate — September’s unemployment rate of 6.7% shocked him more. For the second quarter, rates ranged from 0.10% to 1.70% for positive-rated employers and from 3.30% to 7.50% for negative-rated employers. New Jersey Is the State with the 9th Worst Unemployment Rate Recovery – WalletHub Study. If we have your email address on file, we have sent you via email the information for your 1099-G for 2020. This represents a 2.2% increase in unemployment from October, when the rate was 8%, which itself was 1.3% higher than the September unemployment rate of 6.7%. The number of people unemployed in New Jersey peaked in June 2020 at 766,172. In seasonally adjusted terms, in September 2020: The unemployment rate increased 0.1 pts to 6.9% (1.7 pts higher than a year ago) Unemployed people increased by 11,300 to 937,400 (and increased by 228,100 over the year to September 2020) New Jersey workers who are eligible for unemployment may receive 60 percent of their wages, up to $713. From a post peak low of 6.7% in September 2020, the unemployment rate has now grown by 0.9 percentage points. Since 2005 the unemployment rate in New Jersey has ranged from 2.8% in April 2019 to 16.6% in June 2020. While New Jersey’s rate rose, the national unemployment rate dropped slightly to 6.7% in November. It quickly shot up, peaking at 16.6% in June, and began to drop when restrictions lifted and some residents returned to work. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. If Congress doesn’t pass a stimulus bill including relief for unemployed workers, nearly 500,000 New Jersey workers will lose their unemployment benefits. The New Jersey Department of Labor and Workforce Development determines your unemployment benefit rate based on: Your weekly benefit rate, which is 60% of your average weekly wage, up to the maximum benefit amount, which is $713 in 2020. New Jersey’s unemployment rate continues to climb, hitting double digits in November and marking the second month of rising joblessness while coronavirus cases are also surging. 7.6% Unemployment rate remains 0.9% above US average NJ remains 350,000 jobs below pre-pandemic 2020 peak State loses 7,700 jobs, led by 8,900 drop in leisure and hospitality The unemployment rate in New York peaked in June 2020 at 17.2% and is now 8.8 percentage points lower. Before the coronavirus pandemic hit in … “We are now getting ready to distribute additional aid, and are hopeful Congress will act.”. New Jersey unemployment compared to other states. The number of unemployed edged up by 8 thousand from the previous month to 13.282 million. From a post peak low of 6.7% in September 2020, the unemployment rate has now grown by 0.9 percentage points In December, employment decreases were recorded in only four out of nine major private sectors. Meanwhile, the leisure and hospitality continues to be among the hardest hit, losing roughly 6,400 jobs last month, with construction losing 3,800 and other services falling by 1,400. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Claimants are receiving an average of more than $14,000 in benefits. People who meet the requirements and have already exhausted their 26 weeks of state benefits and 13 weeks of additional benefits under the CARES Act will be automatically rolled over. The unemployment rate in New Jersey peaked in June 2020 at 16.8% and is now 9.2 percentage points lower. October 31, 2020 8.00% September 30, 2020 6.70% August 31, 2020 11.10% July 31, 2020 14.20 June 30, 2020 Data on deptofnumbers.com is for informational purposes only. The New Jersey Department of Labor and Workforce Development has confirmed that unemployment tax rates for the one-year period beginning July 1, 2020 will remain the same as the prior period. According to the BLS current population survey (CPS), the unemployment rate for New Jersey fell 2.6 percentage points in December 2020 to 7.6%. Three states had unemployment rates above 10 percent in November 2020 December 29, 2020 Three states had unemployment rates above 10.0 percent in November 2020: New Jersey at 10.2 percent and Hawaii and Nevada at 10.1 percent each. Although the $600 supplement expired, the Labor Department continues to issue those payments for eligible claims for weeks ending April 4 through July 25. The unemployment rate in New Jersey peaked in June 2020 at 16.8% and is now 9.2 percentage points lower. The Labor Department is also preparing to process another round of $300 Lost Wages Assistance for eligible claimants, who can only claim the benefit one time. The rise in unemployment comes as new filings to the state Department of Labor have largely slowed down. For the week ending in Dec. 12, more than 16,000 new unemployment claims were filed, a 3.8% increase from the week prior, the Labor Department said. Anyone currently collecting unemployment in any amount is receiving the $300 FPUC supplemental benefit. 163/2020 – 30 October 2020 September 2020 Euro area unemployment at 8.3% EU at 7.5% In September 2020, the euro area seasonally-adjusted unemployment rate was 8.3%, stable compared with August 2020 andEU State unemployment rates for August 2020 will be released in September 18th. Effective July 1, 2020, New Jersey’s experienced-employer unemployment tax rates are to be determined with Table B and are to range from 0.40% to 5.40%. LOOKING FOR YOUR 1099-G? In November, 9,700 private sector jobs were gained, making it the seventh consecutive month the private sector employment has advanced in New Jersey. 2020 Maximum Workers' Compensation weekly benefit rate: $945 2020 Maximum Unemployment Insurance weekly benefits rate: $713 2020 Maximum Temporary Disability Insurance weekly benefit rate from January 1 – June 30 Figures came in below market expectations of 8.3 percent and compare with 7.4 percent a year earlier. Sophie Nieto-Munoz | NJ Advance Media for NJ.com, marking the second month of rising joblessness, extending eligibility for the 20-week extension, ed to a massive backlog the Labor Department continues. You can also see New Jersey unemployment compared to other states. eval(ez_write_tag([[250,250],'deptofnumbers_com-medrectangle-3','ezslot_0',117,'0','0'])); Note: All comparisons are made with December data as January state level unemployment data has not yet been released. New claims have remained below 20,000 since early November, and fell to pre-pandemic low on Nov. 21. Of the 1.86 million who applied for benefits, roughly 1.5 million were eligible, with 96% having received at least one payment. Trade, transportation and utilities jobs have gained more than 14,300 jobs, the most in the private sector, with education and health services, and financial activities following behind at 2,900 and 2,100 jobs gained respectively. Japan’s unemployment rate edged down to 2.9 percent in January 2021, from a revised 3.0 percent in the previous month and compared with market consensus of 3.0 percent. That’s up 2.2 points from October’s adjusted rate of 8.0% — which preliminary numbers originally reported 8.2%. © 2021 Advance Local Media LLC. September 18, 2020, 12:57 pm | in. The December data suggest that employment recovery from its pandemic-related April low point appears to have stalled in the 4th quarter of the year. December 31, 2020 7.40% November 30, 2020 9.80% October 31, 2020 7.60% September 30, 2020 6.50 August 31, 2020 Phil Murphy signed a law extending eligibility for the 20-week extension, which will has made 2,000 claimants eligible for the extension. See how other local areas compare by using our Unemployment Compare tool. Both measures have declined for 5 Chart 1. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Nebraska and Vermont had the …
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