New Jersey’s Real GDP lagged the nation in Q2 after a strong first quarter; same pattern held for personal income State GDP contracts 1%, ranking 24th nationwide, versus 0.6% U.S. decline State personal income grew 5.6%, ranking 27th nationwide, versus…

Unemployment rises 0.3% to 4.0% as increase in resident employment insufficient to offset the labor market increase August saw a new record high set for jobs in the state New Jersey’s labor force count rose 27,700 to a 2-year high…

On the heels of unusually sharp losses in the spring of 2020, New Jersey’s private-sector job gains outpaced the nation coming out of the pandemic  Recovery in resident employment, and the labor force, has been weaker than the nation, possibly…

Losses in government and leisure and hospitality prevent state from matching its old high. Unemployment rate moves down 0.2% to 3.7%, versus 3.5% U.S. average On August 18th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs…

June increases were mixed across sectors as softness in construction continues. Unemployment unchanged at 3.9%, slightly higher than the nation’s 3.6% Labor force continues recent rebound but remains lackluster On July 21st, New Jersey’s Department of Labor and Workforce Development…

NJ’s economy shrinks (-2.2%) at rate larger than U.S. average (1.6%) to begin 2022 Rate of decline is larger than all neighboring states in the region Significant decline noted in nondurable goods manufacturing National economic slowdown raises concerns over NJ’s…

June 2022 Combat Inflation in New Jersey with a Balanced Growth Agenda  Analysis for GSI by Danielle Zanzalari, Ph.D.  New Jersey’s legislature and governor are in a unique position to use the current budget surplus, over $8 billion by many…