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July 12, 2011

New Jersey’s economic recovery can be considered the second worst in the nation, according to a ranking of state’s based on the number of foreclosures, increase in food stamp participation and the change in the unemployment rate over the past year.

The website Statehealthfacts.org, produced by the Henry J. Kaiser Family Foundation, rated states on the aforementioned criteria and found that New Jersey ranked two, right behind Idaho but ahead of Florida, Georgia and California in terms of economic distress.

New Jersey ranked first when it came to an increase in food stamp participation, with the number of families applying and meeting criteria jumping 22.7 percent between April 2010 and 2011. The Garden State was tied for eighth in terms of improvement in the jobs picture, since the unemployment rate barely changed between May 2010 and 2011, when it improved just 0.1 percent. Nationally, the rate improved 0.5 percent. The foreclosure rate also looks pretty dim in New Jersey, since the state ranked 18 in the number of foreclosures.

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