NJ’s economy shrinks (-2.2%) at rate larger than U.S. average (1.6%) to begin 2022 Rate of decline is larger than all neighboring states in the region Significant decline noted in nondurable goods manufacturing National economic slowdown raises concerns over NJ’s…

June 2022 Combat Inflation in New Jersey with a Balanced Growth Agenda  Analysis for GSI by Danielle Zanzalari, Ph.D.  New Jersey’s legislature and governor are in a unique position to use the current budget surplus, over $8 billion by many…

Despite strong growth to end the year, NJ significantly lagged U.S. growth rate in 2021 Quarterly and annual growth place state in the middle of the pack Size of state’s economy passes $700 billion milestone, 7th largest in U.S. Economic…

NJ’s economy grew at 6.4% in Q2, trailing 6.7% U.S. average growth rate NJ’s growth rate lagging economically larger states MORRISTOWN, NJ - On October 1st, the United States Bureau of Economic Analysis issued its report on the Gross Domestic…

NJ’s growth rate of 5.6% ranks 41st in the nation, trails US average of 6.4% Economic growth lags neighboring states in the region Reverses trend where NJ beat US average in 3 of last 4 quarters On June 21st, the…

View fullsize   On March 26th, the United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 4th Quarter, 2020 and Annual 2020. The report which covers October through December and…

State’s economy contracts by 35.6% in Q2, ranks 43rd in the U.S. Decline driven by weakness in health care, wholesale and retail trade, and transportation and warehousing On October 2nd, the United States Bureau of Economic Analysis issued its report…

On July 7th, the United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 1st Quarter of 2020. The report, which covers January through March, is the first report to show…

Strong US economy and state tax hikes fuel revenue collections, 7.6% above last year Collections in Income, Business & Sales Taxes are $1 Billion above last year Results present an opportunity to make NJ more competitive As New Jersey’s Department…

NJ’s reverses trend and reports 2.3%, leading region & slightly ahead of revised U.S. rate Reported growth at best rate since early 2018 Questions regarding sustainability of growth in key industries raised Analysis by Charles Steindel, Ph.D. for GSI The…