R/ECON’s economic forecast for New Jersey as of June 2024 continues to show a slowing trajectory, though the decline in annual GDP growth is not as pronounced as in the prior forecast.
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R/ECON
R/ECON Forecast for November 2023 shows slow or stagnant growth for near future
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, though at lower growth levels than the national outlook.
New Jersey wineries battle rising cost of packaging, shipping wine
Wineries are being hit hard by the high cost of supplies, and they are also facing supply shortages. While there isn't a wine shortage, the cost to package and ship bottles of wine has gone up, according to some employees at wineries in New Jersey. *********** A local...
New Jersey State Policy Lab: Guilt Tipping and the Inflated Default Tip
Why do we feel guilty about tipping pressures at establishments where only a tipping jar previously existed? And why are tips inflating as a percentage of the bill?
New Jersey State Policy Lab: New Jersey’s Single-Family Housing Markets by County 2021
Home real estate markets intensified in 2021 due to what appears to have been a buyer frenzy that drove single-family home prices steeply upward across the State of New Jersey. More single-family homes closed despite fewer listings in New Jersey.
A Multi-Decennial Census Data Set for NJ, 2010 and 2020 (and More): A New Jersey State Policy Lab Offering
This census-based product will appeal to municipal governments within the State of New Jersey because it is provided in an easily read format (Microsoft Excel) but also provides historical reference and shows change across New Jersey’s counties and municipalities since the last decennial census.
New Jersey State Policy Lab: An Early 2022 Inflation Update for New Jersey
Because of Russia’s invasion of Ukraine, we should expect substantially more inflation over the next year in the form of energy prices.
New Jersey Policy Lab: A Primer on Housing Markets with a Bird’s Eye View on New Jersey
Expect telecommuting and surge of millennials forming families to push housing demands in NJ, especially in “good” school districts. Lahr notes a widening gap between housing starts and completions–due to supply chain challenges–and considers pandemic impacts on low-income households.
Which sector is leading New Jersey’s pandemic recovery?
For the past ten months, New Jersey’s employment numbers have been growing steadily.
Philadelphia’s soda tax added jobs thanks to increased funding for child care, a new study says
The Rutgers study took a macroeconomic approach in an attempt to look at the ripple effects of the tax, and not just its impact on directly affected industries. Michael L. Lahr, a public policy professor at Rutgers and the study’s primary author, said he expected to...