Real GDP growth rate of 1.1%, 38th in the nation, and less than half the U.S. gain of 2.6% Washington State, smaller in population than NJ, may have a larger economy Income growth rate of 5.2% also under the national…

New Jersey’s encouraging first quarter measure of gross domestic product has been followed by a lackluster stumble to the halfway point of 2022, a former state economist says. Working for the Garden State Initiative in his analysis, Dr. Charles Steindel…

New Jersey’s Real GDP lagged the nation in Q2 after a strong first quarter; same pattern held for personal income State GDP contracts 1%, ranking 24th nationwide, versus 0.6% U.S. decline State personal income grew 5.6%, ranking 27th nationwide, versus…

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…

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 estimates, to…

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…