Are We In A Recession 2024 New Jersey. The r/econ forecast for new jersey utilizes the moody’s economy.com national forecast as of may 2024, along with new jersey quarterly gdp data and. Unemployment rate unexpectedly rose last month and job gains slowed, fueling concern.

Amid growing concerns about a potential recession, the latest economic reports for new jersey show continued low unemployment, robust state revenue. New jersey employers remain largely optimistic about their prospects in 2024, noting the fed’s bid to raise interest rates without tipping the economy into a recession appears to.