Economic Trends

"Although the 3.9% statewide unemployment rate in New Jersey sits roughly where it was prior to the COVID-19 pandemic, unemployment in the Garden State has steadily increased over the past 12 months. ..."

"In many ways, 2021 was a year marked for its return to stability following the ups and downs of 2020. Unfortunately, that stability waned in 2022 as a new sense of economic uncertainty had many ..."

"Inflation reached record levels in 2022, but were price increases in New Jersey as steep as the rest of the country? In simplest terms, inflation measures how much more expensive any particular set ..."

"Despite greater economic uncertainty, turnover in the labor market remained at record levels throughout 2022 as New Jersey experienced record highs in both job openings and the number of workers ..."

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"Record-high unemployment caused by the pandemic began to recede in 2021, but new obstacles continued to challenge New Jersey’s economic recovery. Unemployment: Although unemployment in New ..."

"Focus NJ Executive Director Kyle Sullender discusses the updated 2020 Economic Review and New Jersey's post-pandemic economic recovery with NJBIA’s Bob Considine on Minding Your Business. This ..."

"ISSUE 2 | March 2022 Previously released in April 2021, Focus NJ's 2020 Economic Review: An Annual Review of New Jersey's Economy has been updated to include revised figures which were preliminary ..."

"As businesses were forced to close and curtail services to stem the spread of COVID-19 in early 2020, overall unemployment in New Jersey jumped from 3.8% to 16.6% between March and April. Early ..."

"While far removed from the full-scale lockdowns and business restrictions of 2020, New Jersey’s employment figures continue to signal a sluggish recovery.  Just 65% of the approximately 717,000 ..."