The state’s real GDP and Personal Income grew at about the national pace. Pennsylvania grew more rapidly, while New York’s output grew noticeably less than New Jersey. The composition of income growth was good, being weighted to earnings. The 2024:Q3…

4.6% unemployment rate lowest since June, but reflects drop in the labor force. 3,100 job gain in November accompanied by an upward revision to October. On December 19th, New Jersey’s Department of Labor and Workforce Development issued the Monthly Jobs Report for…

New Jersey’s labor force edged down. Unemployment rate stayed at 4.7%. Job count dropped 1,500, with September’s large increase cut back. On November 14th, New Jersey’s Department of Labor and Workforce Development issued the Monthly Jobs Report for October 2024. Dr. Charles…

After months of weakness, payrolls surge 19,200 in September. Unemployment rate dips to 4.7% while labor force drops. On October 17th, New Jersey’s Department of Labor and Workforce Development issued the Monthly Jobs Report for September 2024. Dr. Charles Steindel, former Chief…

2024: Q2 personal income growth rate higher than the nation and ranked 12th but regionally lagged behind New York, Pennsylvania and Washington DC. State GDP growth somewhat less than the nation, putting us a lackluster 34th. Revisions boosted estimates of…

State shed jobs for a third month in a row; longest slump in many years. Some gains in residents at work and in the labor force, but the unemployment rate ticked up to 4.8%. On September 19th, New Jersey’s Department…

Unemployment rate moved up to 4.7%, though employment and labor force expanded. Sharp loss of 10,300 jobs, and June’s drop revised up. On August 15th, New Jersey’s Department of Labor and Workforce Development issued the Monthly Jobs Report for July 2024. Dr.…