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How New Jersey’s 2025 Tax Revenue Projections Might Affect the Budget Surplus

2024-03-26T09:31:17-04:00

By Will Irving. Is the Budget Surplus Safe? Governor Murphy’s recently released FY 2025 budget proposal calls for total appropriations of $55.9 billion, up $1.5 billion (2.7%) from the original FY 2024 appropriation [...]

How New Jersey’s 2025 Tax Revenue Projections Might Affect the Budget Surplus2024-03-26T09:31:17-04:00

Is There Cause for Concern in New Jersey’s Latest Unemployment Numbers?

2023-12-04T10:26:08-05:00

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 [...]

Is There Cause for Concern in New Jersey’s Latest Unemployment Numbers?2023-12-04T10:26:08-05:00

New Jersey Ranks First in Income, but Housing Costs Take a Hefty Share Especially for those with Lower Incomes

2023-10-02T09:38:52-04:00

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 [...]

New Jersey Ranks First in Income, but Housing Costs Take a Hefty Share Especially for those with Lower Incomes2023-10-02T09:38:52-04:00

‘Tis the Season: An Inflationary Lamentation

2022-12-05T11:31:45-05:00

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%. [...]

‘Tis the Season: An Inflationary Lamentation2022-12-05T11:31:45-05:00

What’s a Fed to Do? The Potential Factors of a Recession, Part 1

2022-10-21T16:49:25-04:00

By Michael L. Lahr, Rutgers Economic Advisory Service (R/ECON™). It’s a tough time to be Jerome Powell. The Federal Reserve Board’s two primary responsibilities are to assure price stability and growth within the U.S. economy, and Jerome Powell is its Chair. As we are painfully aware, prices have been less than stable [...]

What’s a Fed to Do? The Potential Factors of a Recession, Part 12022-10-21T16:49:25-04:00
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