The Delaware Economic Outlook

Dr. John E. Stapleford of the Caesar Rodney Institute shares his analysis of Delaware’s economy in the latest CRI- Center for Economic Policy and Analysis Release.

After two decades of stellar performance, Delaware’s economy moved in reverse during the most recent decade, and the near term outlook is subpar.

A DECADE OF DECLINE

The major measures of performance for the Delaware economy from 2000 through 2010 are grim. Compared to a median annual growth in total employment of 2.5% during the 1990s, Delaware crept along at 0.4% during 2000-10.

If government jobs are excluded, total employment in Delaware actually retreated -5.4%. Similarly, with government transfer payments excluded (e.g., Social Security, Medicare, Medicaid), inflation-adjusted per capita personal income dropped -7.6% and output per capita declined.

WHAT ABOUT RIGHT NOW…

You can read the full report here:

RE: The air is out of the Delaware economy (PDF)

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