New Jersey is now in a recession and it may get worse, Moody’s analyst says Rick Rickman Published: October 6, 2025 New Jersey, along with 21 other states, is in a recession, according to the chief economist at Moody's Analytics (Jake Hirsch/Governor’s Office/Canva)

🔴 Moody’s Analytics chief economist says New Jersey is now in a recession.

🔴 Business leaders say the downturn confirms what they’ve long warned.

🔴 Despite the gloom, Moody’s upgraded New Jersey’s credit rating last month

After years of recession fears, it appears New Jersey may finally be experiencing an economic slowdown .

The Garden State is in a recession , according to Moody's Analytics Chief Economist Mark Zandi.

New Jersey and 21 other states, plus Washington, D.C., are experiencing an economic slowdo

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