Tuesday, February 5, 2013

The State of New Jersey

What do you make of New Jersey's economic well-being? It has been a rough time recently, especially given the effects of Sandy, but most residents still have a fair amount of confidence in the state. According to a Gallup poll released this week, New Jersey's self-reported economic confidence score, -21, is that same as that given to the nation as a whole.

Obviously, a positive number would be better than a negative, but none of the fifty states reported a positive figure for economic confidence, although the District of Columbia did. The worst reporting from among the 50 states belongs  to West Virginia, which reported a -42, or twice as bad as New Jersey.

Maybe the best news for the Garden State is that the number shows a long-term trend of moving in the right direction. Back in 2008, our economic confidence reading was at a dismal -53, but it has improved in three out of the four years since then.

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