James Hughes, an economist at Rutgers University, told NorthJersey.com that white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic.
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COVID was final blow to some NJ suburban office parks. Here’s what they’re morphing into
“Our suburban office inventory is overbuilt and under-demolished,” said economist James Hughes
BMW plans to sell off 20 acres of its North Jersey corporate headquarters
New Jersey’s suburbs have become ripe for this kind of redevelopment. They’ve been saturated with office parks stretching back to the 1980s, during an office-building boom, said James Hughes.
A new $16 billion rail tunnel will connect New Jersey and New York City
Hughes noted the specific impact of the number of jobs created and the amount of economic activity generated is always hard to predict, “but certainly it will be one of the largest infrastructure construction projects, perhaps ever.”
Banking, finance sector layoffs hit NJ, include Prudential and JPMorgan Chase
Today in NorthJersey.com, Bloustein School University Professor and Dean Emeritus James Hughes says white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic, which is why some of the state's...
These companies are cutting more than 4,600 jobs in NJ in 2024
“Certainly, growth has slowed, really in the second half of the year,” said James Hughes, an economist at Rutgers University.
Should state agencies help pay for events in Atlantic City?
One of the issues with these subsidies is the lack of accountability, Pfeiffer said. A 2019 report stated that CRDA failed to monitor the actual cost and economic impact of the Miss America Competition when it negotiated the second contract with the organization in 2016, according to an audit of the agency.
NJ lost 34,000 jobs in the past year. Are there choppy waters ahead?
Those higher-paying sectors — white-collar jobs — became saturated after having a “hard time filling their open positions” coming out of the pandemic, Hughes said. “They’re filled now and they’re holding on to the people they have, but they’re not adding new people,” he said.
Departing RealPage Exec’s Flimsy Rant Against Rent Control
Let’s first consider the AER survey and New York study, which were both published over 30 years ago (in 1992 and 1972-89, respectively). As Rutgers economist Mark Paul has written, decades-old theoretical assumptions about rent control are being increasingly challenged by contemporary evidence:
Businesses give thumbs down to N.J. governor’s proposed transit fee
Hughes said he recognizes that New Jersey has the largest mass transit system in the nation and funds are needed to keep it going because ridership levels have not come back to pre-pandemic levels.
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