New Jersey Unemployment
According to the BLS current population survey (CPS), the unemployment rate for New Jersey rose 0.1 percentage points in January 2023 to 3.4%. The state unemployment rate was 0.0 percentage points lower than the national rate for the month. The unemployment rate in New Jersey peaked in May 2020 at 15.3% and is now 11.9 percentage points lower. From a post peak low of 3.0% in August 2022, the unemployment rate has now grown by 0.4 percentage points. You can also see New Jersey unemployment compared to other states.
| Unemployment Rate | January 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.4% | -0.1 | -0.6 |
| New Jersey | 3.4% | +0.1 | -1.7 |
Note: All comparisons are made with January data as February state level unemployment data has not yet been released.
Unemployment Rate: New Jersey, National
Note: Recessions shown in gray
New Jersey Unemployed
The number of people unemployed in New Jersey peaked in May 2020 at 704,427. There are now 540,859 fewer people unemployed in the state. From a recent trough of 143,025 in August 2022, the number of unemployed has now grown by 20,543. New Jersey job growth data is also available.
| Unemployed Persons | January 2023 | Month/Month | Year/Year |
|---|---|---|---|
| New Jersey | 163,568 | +6,364 | -74,771 |
Number of Unemployed Persons
New Jersey Unemployment History
| Date | National Unemployment Rate |
New Jersey Unemployment Rate |
New Jersey Unemployed |
|---|---|---|---|
| February 2023 | 3.6% | — | — |
| January 2023 | 3.4% | 3.4% | 163,568 |
| December 2022 | 3.5% | 3.3% | 157,204 |
| November 2022 | 3.6% | 3.3% | 158,669 |
| October 2022 | 3.7% | 3.3% | 158,661 |
| September 2022 | 3.5% | 3.2% | 152,559 |
| August 2022 | 3.7% | 3.0% | 143,025 |
| July 2022 | 3.5% | 3.2% | 153,278 |
| June 2022 | 3.6% | 3.4% | 163,218 |
| May 2022 | 3.6% | 3.6% | 172,240 |
| April 2022 | 3.6% | 3.9% | 183,031 |
| March 2022 | 3.6% | 4.1% | 195,037 |
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
