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
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 [...]
‘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 [...]
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
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 [...]
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 [...]