Economics Blogs & Reports

Assessing Equity in the Utilization of the Coronavirus State and Local Fiscal Recovery Funding: Evidence from New Jersey and Beyond  

June 20th, 2024|Comments Off on Assessing Equity in the Utilization of the Coronavirus State and Local Fiscal Recovery Funding: Evidence from New Jersey and Beyond  

Pengju Zhang, Ph.D. & Michael S. Hayes, Ph.D. The American Rescue Plan Act's Coronavirus State and Local Fiscal Recovery Funds (ARPA-SLFRF) provides $350 billion to state and local governments [...]

Examining Industry Employment Growth in New Jersey

May 6th, 2024|Comments Off on Examining Industry Employment Growth in New Jersey

By Will Irving. Unpredictability has been one of the defining features of New Jersey’s labor market for much of the last two years. As the state’s unemployment rate climbed [...]

  • Monthly Change in NJ Employment, 2023 Household Survey vs. Payroll Survey Bar Chart

New Jersey Employment Concerns Revisited

February 15th, 2024|Comments Off on New Jersey Employment Concerns Revisited

By Will Irving. As 2024 began with yet another surprisingly strong jobs report for the U.S. (353,000 jobs added in January and the unemployment rate steady at 3.7%), and with a full year’s worth of 2023 state-level employment data now available [...]

  • New Jersey Components of Population Change Table, 2020-2023

New Jersey Population Growth Recovers

December 21st, 2023|Comments Off on New Jersey Population Growth Recovers

By Will Irving. The U.S. Census Bureau's annual state population estimates released this month show New Jersey resuming population growth after experiencing a decline of nearly 30,000 residents since the 2020 Decennial Census [...]

  • A collection of items on a table, including a magnifying glass, a stack of coins, a dollar sign magnet, a calculator, and a ceramic piggy bank

Report Release: Who Experienced the Greatest Financial Burden from Inflation in NJ?

November 13th, 2023|Comments Off on Report Release: Who Experienced the Greatest Financial Burden from Inflation in NJ?

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 [...]

  • R/ECON Summary of New Jersey Economic Forecast Table, November 2023

Report Release: R/ECON Forecast November 2023

November 9th, 2023|Comments Off on Report Release: R/ECON Forecast November 2023

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 [...]

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

October 2nd, 2023|Comments Off on New Jersey Ranks First in Income, but Housing Costs Take a Hefty Share Especially for those with Lower Incomes

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 [...]

  • Photo of the skyline of Newark, New Jersey on a clear, sunny day

Data Brief Release: Inflation Hurts Everyone but Some More than Others in New Jersey 

September 28th, 2023|Comments Off on Data Brief Release: Inflation Hurts Everyone but Some More than Others in New Jersey 

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 [...]

  • Photo of a rising stack of coins next to a jar of coins with a graduating cap resting on it.

The Economic Issues Impacting College Enrollment

September 25th, 2023|Comments Off on The Economic Issues Impacting College Enrollment

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% [...]

  • Food Insecurity in New Jersey

Food Insecurity in New Jersey – Policy Solutions and Improvements  

August 31st, 2023|Comments Off on Food Insecurity in New Jersey – Policy Solutions and Improvements  

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 [...]

  • Household Expenses in New Jersey

Nearly Half of NJ Residents Struggled to Pay Household Expenses, New Jersey State Policy Lab Finds

July 3rd, 2023|Comments Off on Nearly Half of NJ Residents Struggled to Pay Household Expenses, New Jersey State Policy Lab Finds

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 [...]

  • NJ Education & Tax Rates

Property Tax Rates and Quality of K-12 Education in New Jersey Communities

January 17th, 2023|Comments Off on Property Tax Rates and Quality of K-12 Education in New Jersey Communities

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 [...]

  • Holiday Dinner

‘Tis the Season: An Inflationary Lamentation

December 5th, 2022|Comments Off on ‘Tis the Season: An Inflationary Lamentation

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 [...]

  • Factors of a Recession

What’s a Fed to Do? The Potential Factors of a Recession, Part 2

October 10th, 2022|Comments Off on What’s a Fed to Do? The Potential Factors of a Recession, Part 2

By Michael L. Lahr. As detailed in our previous blog, there are several factors at play in the U.S. economy which may influence the likelihood of a recession. We discussed the Federal Reserve’s decision

  • Inflation Recession Federal Reserve

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

October 6th, 2022|Comments Off on What’s a Fed to Do? The Potential Factors of a Recession, Part 1

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 [...]

  • Adjusted Intercounty Equalized Municipal Tax Rates in New Jersey, 2020

Report Release: What Influences Differences in New Jersey’s Municipal Tax Rates?

September 12th, 2022|Comments Off on Report Release: What Influences Differences in New Jersey’s Municipal Tax Rates?

By Michael Lahr, Tia Azzi, and Maia de la Calle, Rutgers Economic Advisory Service. It is vital for New Jersey policymakers to understand what affects municipal tax rates. In this brief, we analyze local government spending [...]

Report Release: Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?

September 1st, 2022|Comments Off on Report Release: Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?

By Michael S. Hayes, Associate Professor, Rutgers University-Camden and Prakash Kandel, Ph.D. Student, Rutgers University-Camden. During the 2020 general election, New Jersey voters approved a ballot question to amend the state constitution to allow residents [...]

Housing Affordability in New Jersey, 2010-2020

July 11th, 2022|Comments Off on Housing Affordability in New Jersey, 2010-2020

by Maia de la Calle. Rutgers Economic Advisory Service (R/ECON™) Housing affordability and ownership accessibility The main expense incurred by New Jersey’s residents is shelter or housing.  As of 2019, New Jersey ranked third in [...]

What Types of New Jersey Municipalities Allow Cannabis-Related Businesses?

July 7th, 2022|Comments Off on What Types of New Jersey Municipalities Allow Cannabis-Related Businesses?

by Michael S. Hayes, Ph.D., Rutgers University-Camden During the Election of 2020, New Jersey citizens voted to legalize the consumption, production, and distribution of cannabis products. While New Jersey municipalities cannot prevent citizens from possessing [...]

  • Federal Poverty Level FPL documents on a desk.

Perspectives on Poverty in New Jersey, 2008-2020

June 9th, 2022|Comments Off on Perspectives on Poverty in New Jersey, 2008-2020

Maia de la Calle, Rutgers Economic Advisory Service (R/ECON™) The impact of the pandemic on poverty and inequality continues to be studied at a global and national scale.[1],[2] Although the U.S. Census data have yet [...]

Catalyzing the Information Economy: Moving Towards Strategic Expansions of Open Data-Driven Value Creation

June 1st, 2022|Comments Off on Catalyzing the Information Economy: Moving Towards Strategic Expansions of Open Data-Driven Value Creation

by Shiya John, Snigdha Mishra and Jim Samuel Open data is expected to influence trillions of dollars in global value creation by 2030, as projected by McKinsey Global Institute: “The boost to the economy from [...]

Guilt Tipping and the Inflated Default Tip

May 5th, 2022|Comments Off on Guilt Tipping and the Inflated Default Tip

By Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) In a recent article, New York Times reporter Christina Morales writes about the spread of “tipping fatigue,” noting how electronic screens now recommend tips as high [...]

  • women workers

How has COVID Affected Women and Work in New Jersey? Our New Report Investigates

April 27th, 2022|Comments Off on How has COVID Affected Women and Work in New Jersey? Our New Report Investigates

Sarah Small and Debra Lancaster. Women’s work lives have been disrupted in profound ways during COVID-19: in their roles as frontline workers confronting the virus, as caregivers taking on even more unpaid care work at home due to childcare disruptions [...]

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New Jersey’s Single-Family Housing Markets by County 2021

March 31st, 2022|Comments Off on New Jersey’s Single-Family Housing Markets by County 2021

Naheed Azhar and Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) As the count of listings and asking prices flattened,[i] realtors and creditors predicted a rise in foreclosures and mortgage delinquencies as people were laid [...]

  • asian chinese mother videocall working from home at dining table with her daughter drawing

Report Release: COVID-19 and the Gender Wage Gap in New Jersey

March 24th, 2022|Comments Off on Report Release: COVID-19 and the Gender Wage Gap in New Jersey

With childcare disruptions, deep unemployment, and job changes, women in New Jersey have faced turbulent economic prospects worse than men’s along several dimensions throughout the pandemic. However, New Jersey women are no stranger to economic inequities [...]

  • oil price rising

An Early 2022 Inflation Update for New Jersey

March 7th, 2022|Comments Off on An Early 2022 Inflation Update for New Jersey

Michael Lahr, R/Econ™ In terms of both crude oil and natural gas production, Russia is second only to the United States worldwide. Moreover, about 8% of U.S. petroleum imports are from Russia.[1] For Europe, that share [...]

  • Rent relief sign and almost empty jar with money.

Report Release: The New Jersey Housing Crisis in a COVID Era

February 24th, 2022|Comments Off on Report Release: The New Jersey Housing Crisis in a COVID Era

By Katharine Nelson. Affordable housing is increasingly scarce within the United States, and COVID-19 has dramatically exacerbated the simmering crisis in affordable housing. In New Jersey, the risk of eviction is greater than across the country [...]

  • New Jersey Magnified

Our First Report: Encouraging Activation of Vacant Commercial Properties

February 11th, 2022|Comments Off on Our First Report: Encouraging Activation of Vacant Commercial Properties

The New Jersey State Policy Lab is publishing our first report, Vacant Commercial Property in New Jersey: Causes and Solutions, written by Michael Hayes and Pengju Zhang. The economic recession caused by the COVID-19 pandemic has resulted in an increase in vacant [...]

  • Cherry Blossom Trees Dividing Street

New Jersey Intercounty Migration Trends, 2018-2019

February 4th, 2022|Comments Off on New Jersey Intercounty Migration Trends, 2018-2019

by Tia Azzi and Michael Lahr, R/Econ™ The latest report from R/Econ™ examines the migration trends across counties within New Jersey between 2018 and 2019. This report uses Internal Revenue Service (IRS) data, rather than [...]

Which Sector is Leading New Jersey’s Pandemic Recovery?

November 30th, 2021|Comments Off on Which Sector is Leading New Jersey’s Pandemic Recovery?

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) [...]

NJ Inflation and You, Imperfect Together?

November 15th, 2021|Comments Off on NJ Inflation and You, Imperfect Together?

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 [...]

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U.S. Census: How are States Impacted Financially

September 30th, 2021|Comments Off on U.S. Census: How are States Impacted Financially

Amal Muse Every decade, across the United States, the federal government collects comprehensive data on every individual based on basic population characteristics including age, sex, marital status, household composition, family characteristics, and household size. [...]

  • post-pandemic business leader vision looking forward economy after covid-19 crowd population vector

The Post-Pandemic Economy: The Nation and New Jersey with a Focus on the Public Sector

September 24th, 2021|Comments Off on The Post-Pandemic Economy: The Nation and New Jersey with a Focus on the Public Sector

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, [...]

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How States Can Improve Unemployment Insurance during the Pandemic

September 16th, 2021|Comments Off on How States Can Improve Unemployment Insurance during the Pandemic

Jennifer Spiegel The COVID-19 pandemic and the resulting economic downturn has brought about record job losses and the highest number of new unemployment claims since 1982. In mid-March 2020, new unemployment claims nationwide totaled [...]