February 4, 2016 | Number of The Day
Growth rate of personal income in NJ over past year

Economists track changes in personal income to help keep tabs on an expanding or shrinking economy. In New Jersey over the past year, personal income grew by an estimated 3.5 percent, according to new data released by The Pew Charitable Trusts. Though much better than the state’s 1.0 percent annual growth rate since the recent recession started during the last quarter of 2007, the past year’s personal-income growth rate in New Jersey trailed the national rate of 3.7 percent.