New Jersey’s unemployment rose sharply in 2023, leaving economic experts wondering whether a rocky road is ahead in the new year. The state unemployment rate climbed from 3.4% in January to 4.7% in November, according to the U.S. Bureau of Labor Statistics. November’s...
Topic
Posts
NJSPL – Is There Cause for Concern in New Jersey’s Latest Unemployment Numbers?
New Jersey’s post-pandemic economic recovery has seen steady payroll employment growth, but concerns arise as the state experiences a notable increase in its unemployment rate, rising from 3.0% in August 2022 to 4.6% in October.
Mark Paul Makes the Case for Nationalizing the Fossil Fuel Industry
An article Mark Paul co-authored with Carla Skandier and Rory Renzy: “The Case for Nationalizing the Fossil Fuel Industry“, sparked this conversation with Len Beyea for Talk of the Bay from KSQD.
R/ECON Forecast for November 2023 shows slow or stagnant growth for near future
R/ECON’s economic forecast for New Jersey as of November 2023 shows slow or stagnant growth over the next five to six quarters, with GDP recovering to a steady but tepid rate of increase in 2025. This largely mirrors the U.S. trajectory, though at lower growth levels than the national outlook.
Could a record-high minimum wage mean a rise in prices and unemployment? Experts weigh in
In January, New Jersey’s minimum wage will hit its highest rate ever, $15.13 an hour, after several years of phased increases. Proponents who ushered in the increase, including progressive activists and Democratic state leaders, argue it’s necessary to afford a basic...
New Jersey public schools are losing students. Why? And where are they going?
Fewer and fewer children are attending public schools in New Jersey. Across the Garden State, public school enrollment dropped by nearly 36,000 students between 2012-13 and 2022-23, according to analysis by the Asbury Park Press. The drops are causing budget strains...
Pfeiffer – Lakewood schools borrowed millions from New Jersey and still can’t pay its bills
The Lakewood School District in New Jersey is facing severe financial distress, having borrowed $165 million since 2014 and now seeking an additional $93 million loan from the state to stay afloat. This mounting debt has been primarily attributed to the district's...
American Dream lawsuits are stacking up. Here’s why — and how they compare to other malls
The American Dream entertainment complex has faced an onslaught of 82 lawsuits since 2018, encompassing issues such as unpaid construction bills, injuries at its attractions, and defaults on loans, significantly surpassing neighboring malls in legal troubles. The...
NJ job market numbers are out: See where we’re headed
New Jersey’s private sector lost 9,500 jobs in the past two months and the unemployment rate ticked up from 3.7% to 3.9% according to a preliminary jobs report released Thursday morning by the New Jersey Department of Labor and Workforce Development. That comes...
Some cities are pushing for rent control. They’re meeting resistance.
With rents soaring since the COVID-19 pandemic tightened the housing supply, more local governments are considering rent control to keep increases in check and, ideally, protect struggling tenants whose incomes haven’t kept pace. At the same time, some...
Upcoming Events
Dissertation Proposal: Pixels, Plates, and Pesos: On Digital Food Delivery Platforms and Socio-Economic Change in the Philippines
Virtualpresented by Nasha Virata
Implications of Robotics for Public Policy
VirtualThis presentation offers a systematic analysis of the emerging routes by which applications of embodied artificial intelligence—robotics—elicit public policy responses.
2024 Transit-Oriented Development Symposium
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesRegistration is now open for the 2024 TOD Symposium. This free full-day event will be held in person on Thursday, May 16, 2024 at the Edward J. Bloustein School of […]
2024 New Jersey Big Data Alliance Annual Symposium: Artificial Intelligence Impacts on Society & Higher Education
Douglass Student Center 100 George Street, New Brunswick, NJ, United StatesThe New Jersey Big Data Alliance (NJBDA) is an alliance of leading higher education institutions, government organizations and industry members that catalyzes research and collaboration in advanced computing and data […]
Virtual Information Session: Master of Health Administration
VirtualYou are cordially invited to join us at this virtual informational session for the Rutgers – Bloustein School’s Master of Health Administration (MHA) program during the Spring 2024 semester. We […]