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
4.4%
Unemployment Rate — above the 3.8% United States average (Bureau of Labor Statistics)
63.5%
Labor Participation Rate — Above the 61.4% United States average (Bureau of Labor Statistics)
4.4%
Personal Income Growth — Against 4.9% United States average (37th) (Bureau of Economic Analysis)
$104,294
Median Household Income — Above the $81,604 United States average (2nd) (Census)
Featured Economy Work
Q2 New Jersey GDP Trails Nation, but Income was Stronger
GDP growth gap of .5 percentage points in line with long-term trend. Personal income performance one of the best in the nation. 2025 household spending…
