Economic Trends

July 2023 NJ GDP Growth Uneven in 2022

"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 ..."

February 2023 Inflation in NJ Region Lower than US Average

"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 ..."

January 2023 NJ’s Great Resignation Accelerated in 2022

"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 ..."

May 2022 New Jersey’s Changing Employment Landscape

"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 ..."

February 2022 NJ Women Face Higher Unemployment

"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 ..."