Newark-Union, NJ-PA
| Data Series | Jan 2022 | Apr 2022 |
|---|---|---|
| Unemployment Rate(2) | 4.9 | 3.6 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 1,177.3 | 1,216.9 |
| 12-month % change | 4.5 | 5.1 |
What is the current unemployment rate in NJ as of today?
3.90%
New Jersey Unemployment Rate is at 3.90%, compared to 3.90% last month and 7.10% last year. This is lower than the long term average of 6.29%.
Basic Info.
| Report | Regional and State Employment and Unemployment |
|---|---|
| Categories | Employment , Hours and Wages |
How much money does Newark make?
– The average income of a Newark resident is $16,828 a year. The US average is $28,555 a year. – The Median household income of a Newark resident is $34,012 a year.
Income and Salaries for Newark.
| ECONOMY | Newark, New Jersey | United States |
|---|---|---|
| Family Median Income | $39,654 | $70,850 |
| POPULATION BY OCCUPATION |
Does New Jersey have a high unemployment rate?
Department of Labor and Workforce Development | New Jersey’s Unemployment Rate Dips to 4.2%
Which borough has the highest unemployment rate?
Bronx County, N.Y., had the highest rate (6.1 percent), followed by Essex County, N.J. (6.0 percent).
Why is unemployment so high in NJ?
The key reason for the skyrocketing unemployment rate is that Gov. Phil Murphy was among the first to impose major lockdown restrictions, so the economy is experiencing the effects of it faster, Hughes explained. As other states shut down, their unemployment numbers will eventually catch up.
Why is unemployment so high in New Jersey?
Typically, a labor shortage would mean companies are so desperate to find workers that the unemployment rate would be low. But because of the historic nature of the pandemic, some people are choosing not to return to work, leading to the high unemployment rate.
Is Newark a poor city?
Newark has 282,000 residents, 62 percent are working, 28 percent are living in poverty and the median commute time is over 35 minutes. The city has also struggled with race relations and violence.
Is Newark a black city?
Newark Demographics
According to the most recent ACS, the racial composition of Newarkwas: Black or African American: 49.54% White: 26.81% Other race: 14.82%
How expensive is it to live in Newark?
Newark’s housing expenses are 57% higher than the national average and the utility prices are 8% higher than the national average. Transportation expenses like bus fares and gas prices are 7% higher than the national average. Newark has grocery prices that are 9% higher than the national average.
What is the highest unemployment rate in NJ?
The weekly benefit rate is capped at a maximum amount based on the state minimum wage. For 2022, the maximum weekly benefit rate is $804. We will calculate your weekly benefit rate at 60% of the average weekly wage you earned during the base year, up to that maximum.
How is the economy in NJ?
Overview of the New Jersey Economy
New Jersey’s gross state product (GSP) in 2019 reached $564.0bn, with growth of 1.4% over the 5-years to 2019. Businesses in New Jersey employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%.
How does New Jersey make money?
New Jersey’s major industries include the production of chemicals and the manufacture of electrical and electronic equipment, textiles, food, toys, sporting goods, and stone, glass, and clay products.
What US state has the lowest unemployment rate?
Minnesota
Unemployment Minnesota had the lowest jobless rate in June, 1.8 percent, closely followed by Nebraska, 1.9 percent. The next lowest rates were in New Hampshire and Utah, 2.0 percent each.
What state has the highest unemployment rate?
Wyoming
| Rank | State | Unemployment rate |
|---|---|---|
| 1 | NORTH DAKOTA | 2.8 |
| 2 | NEBRASKA | 3.6 |
| 2 | UTAH | 3.6 |
| 4 | SOUTH DAKOTA | 3.7 |
What is NYC unemployment rate?
6.2 percent
Developments in the New York City Labor Market
The city’s seasonally adjusted unemployment rate was 6.2 percent in June 2022, up 0.1 percent from May and a decrease of 4.3 percent from June 2021. New York State’s rate was 4.4 percent in June 2022.
How long does it take unemployment to process NJ?
Please note that if you refuse to return to work and your employer reports your refusal to work, your benefits may be put on hold while it is adjudicated. Adjudication currently takes four to six weeks due to unprecedented volume.
What is the most miserable city in New Jersey?
From their research, these are the most miserable towns in the Garden State.
- #29 – West New York. Google Maps.
- #19 – Paterson. Google Maps.
- #17 – Trenton. Google Maps.
- #15 – Union. Google Maps.
- #11 – New Brunswick. Google Maps.
- #8 – Camden. Google Maps.
- #5 – Newark. Google Maps. #5 – Newark.
- #4 – Passaic. Google Maps. #4 – Passaic.
What’s the most miserable city in New Jersey?
9 of the nation’s most miserable cities are in New Jersey
- 46: Trenton. Google Maps. 46: Trenton.
- 45: Newark. Google Maps. 45: Newark.
- 44: Passaic. Google Maps. 44: Passaic.
- 39: Plainfield. Google Maps. 39: Plainfield.
- 36: Union City. Google Maps.
- 33: Camden. Google Maps.
- 18: West New York. Google Maps.
- 5: Paterson. Google Maps.
What is the poorest town in NJ?
Camden, the poorest city in the state, has a poverty rate of 35.5%. Other poor areas are the cities across the Hudson River from New York City, including Newark, Paterson, and Passaic.
When did Newark NJ become bad?
In 1967 racial tensions between the black community and the mostly white Newark police force led to disastrous riots, which ended in 26 deaths, 1,100 wounded, and $10 million in property damage.