United States Congress Joint Economic Committee

New Jersey

November 2016

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Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
New Jersey Unemployment (U-3) 5.3% 5.3% 5.2%
U.S. Official Rate (U-3) 4.9% 5.0% 5.0%
U.S. "Real" Rate (U-6) 9.5% 9.7% 9.8%
New Jersey Labor Force Participation Rate 63.9% 63.9% 64.0%
U.S. Labor Force Participation Rate 62.8% 62.9% 62.5%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.5% 1.1% 0.0%
"Core" CPI Inflation 2.2% 2.3% 1.9%
National Gas/gal. Updated 11/8/16 3:38 AM $2.21 $2.26 $2.22
New Jersey Gas/gal. $2.28 $2.02 $1.99
Northeast Region: Loaf of Bread $1.32 $1.38 $1.54
Northeast Region: Ground Beef/lb. $4.47 $4.50 $4.69
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2016 (1st Estimate)
2.9%
NJ Real GDP
Q1/2016
0.7%
S&P 500 (YTD)
4.28% Updated 11/8/16 6:30 AM
Obamacare Premium Increases Updated 11/1/16
Nationwide 25.2%
New Jersey 8.5%
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
NJ Hourly Rate
$8.38
Last Generated: 11/8/16 6:30 AM