Economy
Surveys show New Jersey’s high cost of living and heavy tax burden are driving residents away, and GSI supports reforms to rein in spending and make the state more affordable.
See How New Jersey Compares
4.2%
Unemployment Rate — above the 3.8% United States average
65.5%
Labor Participation Rate — Above the 62.8% United States average
5.8%
Personal Income Growth — Against 5.1% United States average (34th)
$85,245
Median Household Income — Above the $64,994 US average (3rd)
Featured Economy Work
New Jersey’s Unemployment Rate Continues to Move Down; Job Level Basically Unchanged
Unemployment rate dropped from 4.7% to 4.5% in June, with employment increasing. Gap with US rate now mostly gone. Job count virtually unchanged (down 300). …
