New Jersey governments—state and local—issue many financial reports, seemingly each with its own idiosyncratic reporting standards and jargon. Perhaps the broadest of these is the suitably named Comprehensive Audited Financial Report (CAFR), issued by the Treasury Department’s Office of Management…

Increase in unemployment to 4.8% offsets April’s 4,800 job gain. New Jersey’s labor market basically moved sideways in April. The unemployment rate moved up to 4.8%--the second straight increase—as the number of state residents at work fell by almost 2,900,…

Unemployment rate moved up to 4.7%. Job count fell from downward revised February number. New Jersey’s March labor market data was disappointing. After holding at 4.6% for 9 months, the unemployment rate increased to 4.7%, as the number employed fell…

Unemployment rate remains 4.6% for the 9th straight month. Large 19,200 increase in jobs mainly due to an odd 12,600 increase in government employment. January jobs revised down. New Jersey’s February unemployment rate remained stuck at 4.6%--the same as in…

Total job count down 6,100, reflecting sharp drop in government, after very large December increase. Unemployment rate 4.6% for an eighth straight month. Revised numbers show higher counts of the labor force and residents at work with slightly lower unemployment…

Unemployment rate unchanged at 4.6%, as declines in resident employment and the labor force cancelled out. Moderate job gain of 7,200, after a downward revision of 2,200. New Jersey’s labor market numbers in December were at best mixed. The state’s…

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…