New Jersey’s Rising Unemployment Makes Economic Future Uncertain

newjerseymonitor.com

New Jersey’s unemployment rose sharply in 2023, leaving economic experts wondering whether a rocky road is ahead in the new year.

The state unemployment rate climbed from 3.4% in January to 4.7% in November, according to the U.S. Bureau of Labor Statistics. November’s figure means New Jersey has the third-highest unemployment rate in the nation. Nationally, the unemployment rate was 3.7% in November, up just 0.3% since January.