Parsippany, NJ Jobs Report

November 2019 Jobs Report

Jobs Added

Metro +88,400
  • Month Over Month: +0.9%
  • 3 Month Average: 5,833
  • Year Over Year: +0.9%
State +10,200
  • Month Over Month: +0.2%
  • 3 Month Average: 2,167
  • Year Over Year: +0.7%
National +266,000
  • Month Over Month: +0.2%
  • 3 Month Average: 205,000
  • Year Over Year: +1.5%

Unemployment Rate

Metro 3.7%
  • Month Over Month: +0.2%
  • 3 Month Average: 3.7%
  • Year Over Year: +0.1%
State 3.2%
  • Month Over Month: +0.1%
  • 3 Month Average: 3.17%
  • Year Over Year: -0.7%
National 3.5%
  • Month Over Month: -0.1%
  • 3 Month Average: 3.53%
  • Year Over Year: -0.2%
BLS Summary 12.6.19
This last month the unemployment saw only a little change, a decrease of
0.1 percent, which now sits at 3.5%. December’s release also noted that
there were 266,000 jobs added, much more than 180,000 expected and
more than the 156,000 added in October.
Brian Coulton, the chief economist at Fitch, said in a
Yahoo Finance article,“Along with the upward revisions to earlier months, these numbers are telling us that job growth in the U.S. has stabilized.” The economist also
stated, “This highlights that conditions remain firmly in place for the
consumer and the service sector to cushion the economy from external risks
and related weakness in U.S. manufacturing.”
Average hourly earnings rose by 7 cents from October and have seen a 3.1
percent increase over the past 12 months.
The labor force participation rate saw little change at 63.2 percent in
November. Overall, the report showed an indication of labor stability as the
domestic labor market continued to fire on all cylinders.
https://www.bls.gov/news.release/empsit.nr0.htm
https://finance.yahoo.com/news/jobs-report-november-2019-labor-department-225145709.htm

Sector Job Growth from the B.L.S.

Financial Activities +100
  • Month Over Month: +0.1%
  • 3 Month Average: 73
  • Year Over Year: -3.2%
Professional & Business Services -300
  • Month Over Month: -0.2%
  • 3 Month Average: 138
  • Year Over Year: -3.9%

Industry Job Growth from the B.L.S.

Finance & Insurance +300
  • Month Over Month: +0.5%
  • 3 Month Average: 57
  • Year Over Year: -3.9%
Real Estate & Rental & Leasing -200
  • Month Over Month: -1.3%
  • 3 Month Average: 16
  • Year Over Year: -0.6%
Accounting, Tax Preparation, Bookkeeping, & Payroll Services -100
  • Month Over Month: -1.0%
  • 3 Month Average: 10
  • Year Over Year: 0.0%
Employment Services +400
  • Month Over Month: +1.8%
  • 3 Month Average: 22
  • Year Over Year: -5.0%

Metropolitan Month-Over Month Job Growth by Sector

*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.

Do you know what to pay top talent?
Check out the most accurate salary data for specialty professionals in your job market and across the country. Claim your copy of our latest Salary Guide.

Local Job Reports

Questions? Ask Us.
Let's talk about your recruiting situation.