The state’s real GDP and Personal Income grew at about the national pace. Pennsylvania grew more rapidly, while New York’s output grew noticeably less than New Jersey. The composition of income growth was good, being weighted to earnings. The 2024:Q3…

2024: Q2 personal income growth rate higher than the nation and ranked 12th but regionally lagged behind New York, Pennsylvania and Washington DC. State GDP growth somewhat less than the nation, putting us a lackluster 34th. Revisions boosted estimates of…

State’s Q3 GDP growth in sync with the nation’s, and personal income gains highest in the Northeast. The upbeat news on GDP and income, though, reflects developments through September, and may not reflect all the recent softness in the state’s…

Q1 real GDP growth at a 1.0% annual rate, half the US average of 2.0% Personal income grew 5.8% fueled by a spurt in transfer payments, not growth of earnings On June 30th, the U.S. Bureau of Economic Analysis issued…

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…