By Will Irving While New Jersey’s payroll employment has continued to grow this year after the rapid job gains of the post-pandemic recovery, a slower pace of growth in recent months and a sharp rise in the state’s unemployment rate, particularly over the last six months, are giving rise to some concern (see this article [...]
By Jocelyn Fischer, Ph.D. and Yana van der Meulen Rodgers, Ph.D. During the COVID-19 pandemic, New Jersey has experienced record high levels of inflation. These price increases raise concerns about New Jerseyans’ financial well-being. However, inflation [...]
By Will Irving. R/ECON’s economic forecast for New Jersey as of November 2023 shows slow or stagnant growth over the next five to six quarters, with GDP recovering to a steady but tepid rate of increase in 2025. This largely mirrors the U.S. trajectory [...]
By William Irving. Data released earlier this month from the U.S. Census Bureau’s annual American Community Survey show that New Jersey now tops the list of states with the highest incomes in the country [...]
By Jocelyn Fischer and Yana van der Meulen Rodgers. Inflation levels in the U.S. have reached decades-long highs during the COVID-19 pandemic and in its wake. Because inflation can erode people’s ability to afford the goods and services they need, the recent uptick in inflation has raised concerns [...]
By James Barrett. As of May 2023, the National Student Clearinghouse published their annual Current Term Enrollment Estimates, painting a bleak picture of the state of college enrollment across the nation. Public two-year enrollments dropped 10.1% [...]
By Ciera Gaither. The most recent Current Population Survey Food Security Supplement (CPS FSS) reported that 10.2% of American households are food insecure, impacting more than 30 million people. In comparison, 8% of New Jersey residents experienced food insecurity in 2020 [...]
By Megan McCue. More New Jerseyans are finding it difficult to pay for typical household expenses, according to a follow-up survey conducted by the Eagleton Center for Public Interest Polling. Five questions from the first survey, originally published in July 2022 [...]
by James Barnett New Jersey is consistent in featuring at the top of the ranks for two different variables: effective real estate property tax rates and quality of K-12 education services.[1][2] These, unsurprisingly to most who reside here, are not unrelated in the slightest. Each of New Jersey’s whopping 599 school districts is funded to [...]
By Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) Black Friday and Cyber Monday have passed, but all reports are not yet in. Adobe Analytics reports that online sales on Black Friday hit a new nationwide record, striking a level 2.3% higher than a year prior, while Sensormatic Solutions reports in-person shopping rose by 2.9%. [...]
