States · New Jersey

New Jersey Economy — Live Data

New Jersey's economy runs on pharmaceuticals, finance, and logistics. Unemployment sits at 4.7%, above the national rate of 4.2%. This page tracks the numbers that matter for New Jersey — jobs, house prices, and income — straight from federal data, updated automatically.

Unemployment Rate
4.7%
▲ Above US average (4.2%)
Nonfarm Jobs
4.39M
▼ -0.1% jobs YoY
House Prices (YoY)
+5.4%
▲ Rising fast
Per-Capita Income
$88K
▲ +4.0% vs prior year
New Jersey vs. United States — Unemployment
New Jersey
4.7%
United States
4.2%

New Jersey is running above the national unemployment rate. At 4.7% vs 4.2% nationally, local job seekers face a somewhat tougher market than the US average.

Jobs & Output
Nonfarm payrolls
4.39M
Job growth (YoY)
-0.1%
Real GDP (2025)
$688B
GDP growth (YoY)
+1.8%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in New Jersey: pharmaceuticals, finance, and logistics.

What this means if you live or work in New Jersey
💼
Job market
With unemployment at or above the national average, hiring in New Jersey is more employer-friendly — job seekers should expect more competition per opening.
🏠
Housing
House prices are rising fast (+5.4% YoY). Buyers face affordability pressure; owners are building equity quickly.
💵
Income
Per-capita personal income in New Jersey is $88,223, up 4.0% from the prior year. Compare against national inflation to gauge real purchasing power.
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Key industries
New Jersey's economy leans on pharmaceuticals, finance, and logistics — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — New Jersey
Unemployment4.7%
US unemployment4.2%
Nonfarm jobs4.39M
House prices YoY+5.4%
Per-capita income$88,223
Real GDP$688B
Labor data as ofMay 2026
Nearby States
New York economy → Pennsylvania economy → Delaware economy → Connecticut economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series NJUR, NJNA, NJSTHPI, NJPCPI, NJRGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.