The job market is strong in New Jersey. Between 2003 and 2004, over 55 thousand jobs were created. Earnings for the same time period rose 1.3%. In 2005, the state average for unemployment was only 1.4%. That number has since risen and stood at 5.1% in July 2006.
New Jersey has a vast education system. Within 2,469 schools, they spend $13,468 per student annually. This is one of the highest amounts in the nation. Their expenditures prove this is a positive trend with 80% of 4th graders having basic math requirements in 2003 and 86% in 2005. The percent of 8th graders having basic math requirements was 72 and 74 in the same years. The graduation rate is 82.1%.