New Jersey Economic Outlook: August 2016

On Aug 30, 2016

Wells Fargo Securities today released an Economic Outlook Report, which reads, in part, “After lagging the rest of the country throughout most of this recovery, New Jersey’s economy has gained considerable traction over the past year. The improvement is most evident in the labor market, with nonfarm employment growth strengthening and the unemployment rate slowly edging down to 5.2 percent. While the progress is notable, the Garden State continues to face a number of challenges, including a mountain of home foreclosures and a fiscal situation that rivals just about any other large state.”

For the full report, click here.