● New Jersey ranks 8th in the nation with an average unemployment rate of 5.08% across four measured periods, sitting 1.04 percentage points above the national benchmark of 4.04%. ● New Jersey peaked at 5.9% in July 2025, the highest single monthly reading recorded by the state during the study period. ● New Jersey recorded the largest combined year-over-year improvement among all top-ten states, declining 1.0 percentage points in June and 1.3 percentage points in July 2026, though its average across all four periods remains above 5.00%. New Jersey’s job market recorded the sharpest year-over-year improvement of any state in the top ten nationally, yet still carries an average unemployment rate that places it 8th in the country. While the U.S.
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