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
New Jersey’s Two-Faced July Labor Market
Unemployment rate drops to 4.4%; employment and labor force both gain. Very large, widespread, loss of 25,600 jobs. The monthly labor market report contains data…
