United States Congress Joint Economic Committee

New Jersey

August 2019

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
New Jersey Unemployment (U-3) 3.3% 3.5% 4.0%
U.S. Official Rate (U-3) 3.7% 3.7% 3.9%
U.S. "Real" Rate (U-6) 7.0% 7.2% 7.5%
New Jersey Labor Force Participation Rate 62.6% 62.5% 62.4%
U.S. Labor Force Participation Rate 63.0% 62.9% 62.9%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.6% 1.8% 2.9%
"Core" CPI Inflation 2.1% 2.0% 2.3%
National Gas/gal. Updated 8/21/19 12:00 AM $2.60 $2.77 $2.83
New Jersey Gas/gal. $2.67 $2.82 $2.87
Northeast Region: Loaf of Bread $1.19 $1.18 $1.22
Northeast Region: Ground Beef/lb. $3.85 $3.74 $4.16
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2019 (Advance Estimate)
2.1%
NJ Real GDP
Q2/2018
3.4%
S&P 500 (YTD)
16.63% Updated 8/20/19 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
NJ Hourly Rate
$10.00
Last Generated: 8/21/19 4:31 AM