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…

4.1% growth rate trails U.S. average of 4.8%, ranks 36th in the nation New Jersey trails all neighboring states and in the Northeast region 2nd consecutive quarter of poor personal income growth On June 22nd, the United States Bureau of…

Unemployment rate down to 3.9%, slightly higher than the nation’s 3.6% 6,500 jobs increase smallest since August ‘21 Job losses reported in construction & manufacturing sectors  On June 16th, New Jersey’s Department of Labor and Workforce Development issued the monthly…

Unemployment declines to 4.1%, but still higher than the nation’s 3.6%95% of jobs lost in pandemic have been regained Labor force still low, but April gain reverses some recent declines On May 19th, New Jersey’s Department of Labor and Workforce Development…

Unemployment rate down to 4.2 percent, but still higher than the nation’s 3.6% Jobs recovered now approaching 2020 pre-pandemic peak Labor force lower than at any time since Nov. 2020 as participation continues to sag On April 14th, New Jersey’s…

Despite strong growth to end the year, NJ significantly lagged U.S. growth rate in 2021 Quarterly and annual growth place state in the middle of the pack Size of state’s economy passes $700 billion milestone, 7th largest in U.S. Economic…

 NJ’s 4.6% Unemployment rate remains above 3.8% U.S. average 0.5% drop in Unemployment driven by a decline in the labor force 17,700 persons left NJ workforce while U.S. added 304,000 workers NJ added 25,900 jobs, with gains reported in most…