Since the pandemic, NJ's u-rate troughed at 3% in August 2022, & slowly rose ever since. We're now at the exact u-rate we had in January 2016: again, 4.9%.

We're nowhere near the 10% unemployment we had in 2010, but above the 3-3.2% troughs in 2019 & 2022. I believe 5% is the Fed's target u-rate for the country as a whole, so NJ is about there. Idk if it's a full employment rate for a single state.