According to a new study, employment in Jersey City has made a strong comeback following a big uptick in joblessness during the Covid-19 pandemic.
The financial website WalletHub compared 180 of the country’s largest cities and looked at how each city’s unemployment rate had changed between August, 2022 and August of the last three years. Each city was then scored by blending the August 2022 unemployment rate with the city’s performance reducing unemployment.
Of the 180 cities in the study, Jersey City placed 55th with a 3.9 percent unemployment rate that came down 46.1 percent from the previous August. Jersey City easily bested Newark and New York City which placed 147 and 179 respectively.
While higher than the national unemployment rate of 3.7 percent, Jersey City’s August unemployment rate of 3.9 percent was substantially better than Newark (6.1 percent) and New York City (6.8 percent).
Jersey City also edged out the state of New Jersey, which has an unemployment rate of 4 percent.
Photo by Andrea Piacquadio