R/ECON’s economic forecast for New Jersey as of mid-2025 continues to show a slowing trajectory. Annual GDP growth is projected at just 0.5% for 2025, significantly lower than prior forecasts and markedly below the national rate of 1.5%. The Garden State’s real estate market shows tentative signs of stabilization, though persistently elevated mortgage rates and high home prices continue to limit the strength of the rebound. Nationally, tariff increases are expected to put upward pressure on prices, with inflation projected to reach 3.7% in the second quarter of 2026.
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Posts
Tariff Uncertainty and its Impact on Economic Forecasting
R/ECON’s next economic forecast is slated for release in mid-summer, followed by another forecast in the fall. As we track the latest state data and national outlook, we have been closely following the news on tariffs, the Fed’s potential actions, and associated fluctuations in the financial markets.
NJSPL Blog: Who Attends Virtual Schwartz Rounds?
Irina Grafova and colleagues launched two surveys about Virtual Schwartz Rounds, a program offered by the New Jersey Nursing Well-Being Institute to connect with their peers for emotional support.
NJSPL Blog: Unlocking Energy Efficiency
Unlocking Energy Efficiency: A Data-Driven Exploration of PACE Bond Issuance in California By Ruth Winecoff This is the second in a series describing ongoing research on Property Assessed Clean Energy (PACE). PACE, which uses local governments’ ability to borrow to...
NJSPL Survey: What Policy Issues Interest You Most?
The New Jersey State Policy Lab is pleased to announce the launch of our newest survey, which we invite you to complete. This survey, which will take just a couple of minutes to complete, encourages respondents to indicate the policy issue or issues they believe...
NJSPL – Addressing the Diverse Support Needs of Nurses
Irina Grafova and colleagues launched two surveys about Virtual Schwartz Rounds, a program offered by the New Jersey Nursing Well-Being Institute to connect with their peers for emotional support.
Rutgers Report Seeks to Reconnect Newark Students with Educational Opportunities
In the aftermath of the COVID-19 pandemic, total postsecondary enrollment in colleges and universities in New Jersey fell 6.7% from the spring of 2022, higher than the national drop of 4.1%.
NJSPL – Reengaging COVID-Disconnected College Students
The New Jersey State Policy Lab, in collaboration with the Newark City of Learning Collaborative (NCLC), has released a new report that examines barriers and opportunities to reengaging COVID-disconnected college students ages 18 to 26 in Newark, NJ.
NJSPL – Is Property Assessed Clean Energy a White Windfall
As part of an ongoing clean energy research project, Dr. Winecoff will be examining California’s Property Assessed Clean Energy (PACE) program, first developed and launched in 2009, to identify policy recommendations that can inform New Jersey stakeholders and policymakers as the Garden State begins to implement their own recently approved PACE program.
NJSPL – Introducing the Promising Practices Project
The Promising Practices Project (PPP) aims to identify and document innovative teaching and learning practices that have successfully accelerated learning in K-12 schools across New Jersey. This project seeks to catalog and disseminate innovative, impactful, and replicable strategies that can enhance student learning statewide.