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NJ Jobs Shrinking? Employers Still Hiring? Making Sense Out of Economic Crystal Ball

Updated: Jun 20

April 21, 2023 |

Photo Credit: Gantas Vaičiulėnas (From Pexels)

New Jersey lost 2,600 jobs in March and its unemployment rate remained steady at 3.5%, the state Department of Labor and Workforce Development said Thursday (4/20), in a sign that the Garden State's torrid job growth could be slowing down.

Even as some employers put on the brakes, however, others continue to expand in the state, showing that the picture of a post-pandemic economy remains mixed.

NJ SEED: Rapid economic growth predictably slows. If slower but steady growth continues, the NJ economy will be in good shape.

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