New Jersey State Profile

New Jersey's business tax climate rated worst in nation; state and federal economic stimulus programs offer businesses loans, grants, and financial incentives to spur growth and boost employment; economic recovery expected to lag behind nation.

• State job growth fell 2.9% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 9.7% in August 2009; the national average was 9.7%
• Personal income fell 2.1% to $436 billion in Q2 2009 from a year ago.
• Tax revenue fell 15.2% in Q2 2009 from the previous year.
• Exports fell 30.0% to $18.1 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in NJ fell 32% to $93.2 million in Q2 2009 from a year ago.