Nation experiences personal income decline as pandemic relief programs end
NJ personal income declines -16.6% versus U.S. average of -21.8%
In critical net earnings category, NJ’s 7.4% growth well below 10.7% U.S. average
NJ’s income decline in line with most neighboring states
the staff of the Ridgewood blog
Morristown NJ, on September 23rd, the United States Bureau of Economic Analysis issued its report on the Personal Income by State for the 2nd Quarter of 2021, covering April through June. Dr. Charles Steindel, former Chief Economist of the New Jersey Treasury, analyzed the report for GSI:
