- Q1 real GDP growth at a 1.0% annual rate, half the US average of 2.0%
- Personal income grew 5.8% fueled by a spurt in transfer payments, not growth of earnings.
the staff of the Ridgewood blog
Morristown NJ, On June 30th, the U.S. Bureau of Economic Analysis issued its report on the Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023, covering the months of January through March 2023. Dr. Charles Steindel, the former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative:
Continue reading New Jersey Q1 GDP and Personal Income Continue to Trail the Nation
