N.J. Economy Grew at Slower Rate in '07

Summary


New Jersey's economy grew at a 1.1 percent pace in 2007, less than half the rate of a year earlier, and below the national average of 2 percent, according to figures released Thursday by the U.S. Bureau of Economic Analysis.

The pace of the state's expansion in 2006 was 2.3 percent.

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Extract


N.J. Economy Grew at Slower Rate in '07

Declines in the construction industry lowered the growth rate of the state's gross domestic product by half a percent...

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