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 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…
