Slight uptick follows a 6-quarter trend of below average growth 5% growth rate ranks 5th in the nation, but below New York. Increase spurred by employee compensation and business earnings. Recent downward revisions markedly pared past estimates of total income.…

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 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…

4.1% growth rate trails U.S. average of 4.8%, ranks 36th in the nation New Jersey trails all neighboring states and in the Northeast region 2nd consecutive quarter of poor personal income growth On June 22nd, the United States Bureau of…

NJ personal income declines by 0.6% while U.S. grows +2.4% in Q4 New Jersey decline ranked 40th in the nation to end 2021 Weakness reflected sharp drop in government transfer payments; earnings of workers and businesses rose briskly Full year…

Growth ranked 8th in the nation Surge in wages and business income led the advance On December 17th, the United States Bureau of Economic Analysis issued its report on the Personal Income by State for the 3rd Quarter of 2021,…

Nation experiences personal income decline as pandemic relief programs end NJ personal income declines -16.6% versus U.S. average of -21.8% In critical net earnings category, NJ’s 7.4% growth well below 10.7% U.S. average NJ’s income decline in line with most…

NJ income growth significantly trails neighboring states & US growth rate Net earnings in NJ rank weakest in the Northeast and trail US average New Jersey’s economic recovery not in line with neighboring states On June 22nd, the United States…

In 2020 overall wages and self-employment income in NJ decline as U.S. posts slight gain Overall gain in income in 2020 a result of federal aid payments Q4 data shows NJ ranked 44th for income growth as impact of federal…