State economy
New Jersey economy
New Jersey's unemployment rate was 4.2% in September 2026, down from 4.3% the month before and 5.5% a year earlier. That ranks 32 of 51 (1 = lowest); the national rate was 4.1%. Employers had 4.38 million jobs on their payrolls in September 2026, a gain of 3,600 (+0.1%) from a year earlier. Home prices (FHFA index) were +5.4% from a year earlier in Q2 2026. Median household income was $111,400 in 2025.
4.2%
unemployment rate
September 2026Unemployment rate4.2%Rank 32 of 51 (1 = lowest)
10-year range3.1–15.4%Low Aug 2022 · high May 2020
Nonfarm jobs4.38M+0.1% in a year · rank 39
Home prices (FHFA)+5.4%1-year change · Q2 2026 · 5-yr +58%
Median household income$111,4002025 · rank 5 of 51
New Jersey: unemployment rate
New Jersey: jobs, change from a year earlier
New Jersey: home prices, change from a year earlier
New Jersey: median household income
Other states
AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).