20,800 jobs added in March as state remains 300,000 below pre-pandemic level At current pace full recovery not expected until well into 2022 NJ’s 7.7% unemployment rate remains well above U.S. rate of 6.0% Gains reported in construction and slight…

View fullsize   On March 26th, the United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 4th Quarter, 2020 and Annual 2020. The report which covers October through December and…

Even with gains, employment remains well under February ’20 level Labor force stands at 2005-2006 levels Leisure & Hospitality reports gains on re-openings but still down 100,000 jobs On March 25th, New Jersey’s Department of Labor and Workforce Development issued…

In 2020 overall wages and self-employment income in NJ decline as U.S. posts slight gain Overall gain in income in 2020 a result of federal aid payments Q4 data shows NJ ranked 44th for income growth as impact of federal…

 Unemployment climbs 0.2% to 7.9% as state adds less than 1,000 jobs Job count remains 360,000 below February ‘20 peak Workforce and employment grow modestly On March 15th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs…

93,900 leave the workforce, driving unemployment lower 7.6% Unemployment rate remains 0.9% above US average NJ remains 350,000 jobs below pre-pandemic 2020 peak State loses 7,700 jobs, led by 8,900 drop in leisure and hospitality Construction bucks trend with 3,100…

Unemployment climbs 2.2% to 10.2% as state adds 7,100 jobs State remains 350,000 jobs below February’s peak Weakness in hospitality and construction as holiday sparks logistics surge Decline in personal income reflects end of federal stimulus On December 17th, New…