Employment
Unemployment measures the relative distribution of economic well-being in an economy. When unemployment is low, many people who want to work have jobs and are earning wages, thus enabling them to consume goods and services. In contrast, if unemployment is high, fewer people are earning wages, and are not purchasing or consuming the goods and services they desire. Employment data provides a surrogate measure of household wealth. The data presented in the New Jersey Data Book is provided by the New Jersey Department of Labor and Workforce Development, Labor Planning and Analysis as of March, and derived from The Bureau of Labor Statistics and the U.S. Census.
Workforce
Workforce measures the average annual number of residents in the labor force. The value indicates the resident employment regardless of where they work.
Unemployed
Reports the average annual number of unemployed workers living in the geography.
Percent Unemployed
The percentage represents the annual average number of unemployed workers in the year as a percentage of the same year’s labor force.
Data Availability
Workforce
2015 | 2014 | 2013 | 2012
Unemployed
2015 | 2014 | 2013 | 2012
% Unemployed
2015 | 2014 | 2013 | 2012