COVID-19 is giving many New Jersey suburbs a big boost

Most sectors of the commercial real estate market in New Jersey have been badly hurt by the COVID-19 pandemic, but that’s not the case with residential real estate. It turns out home sales in many parts of the Garden State are doing great. According to Rutgers University economics professor James Hughes, an increasing number of […]

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A long road back from the devastation of COVID-19

The recession caused by COVID-19 and the various actions taken to help mitigate the spread of the infectious virus has been devastating to the nation’s economy, and many economists are calling it the worst economic downturn since the Great Depression. The numbers bear this out, and paint a grim picture that highlights just how grueling […]

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COVID-19 is giving many New Jersey suburbs a big boost

Most sectors of the commercial real estate market in New Jersey have been badly hurt by the COVID-19 pandemic, but that’s not the case with residential real estate. It turns out home sales in many parts of the Garden State are doing great. According to Rutgers University economics professor James Hughes, an increasing number of […]

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Low-income people need the $600 jobless benefit: Expert

CNBC’s Kelly Evans discusses whether Congress should extend the additional $600 in unemployment benefits the federal government provided people who lost their jobs due to the coronavirus pandemic with Barry Knapp of Ironsides Macroeconomics and Bill Rodgers of Heldrich Center for Workforce Development at Rutgers University. CNBC, August 4, 2020

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New Jersey Supreme Court hears GOP bid to block proposed borrowing

Repubican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses was argued before the state’s highest court Wednesday and they said the state’s constitution and past legal precedent should prevent the plan from proceeding. Marc Pfeiffer, assistant director of Rutgers University’s Bloustein Local Government Research […]

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Missing unemployment checks, scarce jobs in coronavirus economy

Rutgers analyst James Hughes says the cultural and economic landscape’s been forever altered by the COVID-19 pandemic. He notes New Jersey’s still short 600,000 jobs lost to the lockdown. As for all the jobseekers, his new report sketches a bleak economic recovery that’s completely restructured by the pandemic. “It’s been essentially gasoline on the fire […]

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