Forecast calls for a braking of New Jersey's economy

November 22, 2016

The Rutgers RECON forecast predicts a “dampening” of Jersey’s gross domestic product. Rutgers economist James Hughes says for the foreseeable future, it certainly is not going to be “boom times” in New Jersey.

The state enjoyed a good economic year in 2015. But it slowed in 2016. Hughes says New Jersey job growth will be about half the pace of the rest of the nation.

NJ1015.com, November 21

Recent Posts

Report Release: R/ECON Forecast Summer 2026

Read Report New Jersey’s Summer 2026 economic outlook presents a picture of tempered growth and a labor market that, while stabilizing, remains under pressure. The state closed out 2025 with solid GDP growth, but the momentum is expected to ease considerably over the...