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N.J.’s economic output slipped in 2011

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N.J.’s economic output slipped in 2011

New Jersey’s economic output shrank last year, ranking 47th out of all the 50 states in terms of growth and outperforming only Alabama, Mississippi and Wyoming.

The Garden State’s gross domestic product — its share of the U.S. GDP — decreased 0.5 percent in 2011, one of six states that registered a negative rate of growth, according to data released by the U.S. Commerce Department on Tuesday.

It was the only state economy in the Mideast region — which includes Delaware, Maryland, New York, Pennsylvania and Washington, D.C. — that shrank, according to the data.  (Rizzo, The Star-Ledger)

https://www.nj.com/news/index.ssf/2012/06/njs_economic_output_slipped_in.html

One thought on “N.J.’s economic output slipped in 2011

  1. Does not seem that the chamber is smoking the same thing as Christie. Let us cut taxes and continue on a path of permanent debt.

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