NJ Loses 25,600 Jobs in July as Unemployment Dips

New Jersey lost 25,600 nonfarm jobs in July, according to the latest numbers from the U.S. Bureau of Labor Statistics. However, state officials say the actual drop may not be quite as dire.

The state Department of Labor & Workforce Development cautioned that the size of the July employment decrease “is likely overstated.” Officials noted that “seasonal adjustment factors do not adequately account for seasonal declines in professional and business services.” The department also pointed to a “lower than expected” July survey response.