Tia Azzi, R/ECON Not all bike lanes are created equal. New Jersey is trying to encourage bicycling as a main form of transportation by enhancing existing ways and expanding bike lanes. But only about 0.3% of New Jersey residents bike to work.[1] This contrasts with nationwide commuting behavior in countries like the Netherlands in which [...]
Tia Azzi For many years, New Jersey has lost population via net in- and out-migration. From 2011 through 2019, this has resulted in the state hemorrhaging a total of more than $23.6 billion in net adjusted gross income (AGI) according to U.S. Internal Revenue Service (IRS) 2021 data. While education plays a role, the migration [...]
November 30, 2021 Maia de la Calle, Rutgers Economic Advisory Service (R/ECON™) In the past few weeks, discussions on the “Great Resignation” and labor shortages have permeated news cycles. These phenomena, characterized by (1) record-high levels of voluntary resignations and (2) job openings surpassing the number of unemployed workers, are being described as major [...]
Michael L. Lahr, R/ECONTM November 15, 2021 Inflation has found its way to the front pages of newspapers for the first time in decades. From New Jersey’s perspective though, national reports of inflation are greater than those for New Jersey. From September 2020 to September 2021, core prices[1] increased by 4.0% nationwide but by just [...]
Maia de la Calle & Michael L. Lahr, Rutgers Economic Advisory Service (R/ECON™) As national media coverage focuses on the pandemic’s impact on individual states’ economies, New Jersey, one of the COVID-19 hotspot states at the early height of the outbreak, has been hit particularly hard. As of August 2021, New Jersey was tied [...]
Michael L. Lahr, Rutgers Economic Advisory Service (R/ECON™) In a state such as New Jersey, where the cost of living is about a third more than the national average, childcare costs are largely out of reach for many families who rely on childcare in order to join the workforce. Research from Rutgers University’s National [...]
Jennifer Spiegel & Michael Lahr, Rutgers Economic Advisory Service (R/ECON™) The short-term prospects for the state’s economy remain quite exuberant. This is despite the arrival of the delta variant of COVID-19 in July 2021, which forced the national economy to down shift just as it seemed the pandemic was waning. Still, economic fundamentals remain [...]
Maia de la Calle and & Michael L. Lahr, Rutgers Economic Advisory Service (R/ECON™) R/Econ, the Rutgers Economic Advisory Service, has just completed a new report that compares the amount of federal tax dollars paid by each state with the amount of federal allocations received. This report contrasts its findings with the January 2021 [...]
