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…

On June 18th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for May 2020. Dr. Charles Steindel, former Chief Economist of the State of New Jersey and current Resident Scholar, Anisfield School of Business at…

Caring for the health of residents, while planning our economic recovery is our top priority Jobs are the “engine” of NJ’s economy generating revenue for our government & income for our families Review of key sectors shows where we have…

A statement from Garden State Initiative’s president, Regina M. Egea: “As all of us in New Jersey and our country grapple with the personal and economic ramifications of COVID-19, we need our leaders in Trenton more than ever to work…

Unemployment increases by 0.1% to 3.5%, 2nd monthly increase Workforce grows by 23,300 individuals, 4th consecutive month of growth GDP & Personal Income data sends mixed signal about our economic trajectory Losses in Manufacturing & Construction defy strong U.S. growth…

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…