“Certainly, growth has slowed, really in the second half of the year,” said James Hughes, an economist at Rutgers University.
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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.
Hughes expects NJ to be Waiting for the ‘Immaculate Disinflation’
Dean Emeritus James W. Hughes said a key question now is whether the Fed’s interest rate hikes will create a soft landing with a slow-growth economy, or a hard landing that will “crash” the economy.
NJSPL Report Release: Who Experienced the Greatest Financial Burden from Inflation in NJ?
During the COVID-19 pandemic, New Jersey experienced decades-long high levels of inflation, but that inflation is not expected to affect all New Jerseyans equally. Researchers Jocelyn Fischer and Yana van der Muelen Rodgers examined gender and racial/ethnic inequality in the financial effects of inflation for this report.
Dean Stuart Shapiro: Federal regulations don’t really affect economic growth
The American economy added over 330,000 jobs in September, but the role of government regulation in the economic equation is conspicuously absent from discussions. This article examines the impact of regulations on the macroeconomy and why they may be less significant than previously claimed, shedding light on a complex economic reality.
NJSPL – New Jersey Ranks First in Income, but Housing Costs Take a Hefty Share Especially for those with Lower Incomes
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NJSPL – Data Brief Release: Inflation Hurts Everyone but Some More than Others in New Jersey
NJSPL released two new data briefs in collaboration with the Center for Women and Work examining the gender and racial/ethnic disparities in households’ inflation experiences in the greater Philadelphia and New York City areas.
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...
Tipping Culture: Almost Half of Consumers Are Tipping Less Due to Inflation
Whether eating in a restaurant or buying coffee at a drive-through, American consumers often have to decide whether or not to tip. And the rise of tip screens at every type of checkout has made this tipping decision even more common. But who should you really have to...
Inflation in NJ Still High but Slowing – What it Means for You
The Federal Reserve is expected to increase interest rates again Wednesday, which means the cost of borrowing money for home mortgages and credit cards is about to go even higher, but there is good news on the inflation front. According to Rutgers University economist...
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