Annual survey reflects more confidence in nation’s outlook than in state’s prospects, but overall picture seen as somewhat brighter
New Jersey enjoyed its best year for private-sector job growth in over a decade last year, and the state’s banking community is not expecting those strong economic conditions to take a tumble any time soon in 2016.
“Many of the individual metrics of the survey indicate that improvements in the state’s banking industry took place in 2015, and that they will continue into 2016,” said Hughes, the dean of Rutgers’ Edward J. Bloustein School of Planning and Public Policy.
The latest survey was the sixth straight conducted by the bankers association. Members were polled between October 16 and November 23, 2015, with more than 80 of the association’s 101 members participating in the survey.