“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.
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.
NJ unemployment rate up? But job growth is strong? Making sense of 2024 New Jersey economy
The strong job growth in December helped New Jersey end 2023 with a net gain of 69,600 jobs. By comparison, the state lost 303,600 jobs in 2020; added 265,600 jobs in 2021; and added 129,700 jobs in 2022; Rutgers University economist James W. Hughes said.
DRIVE TIME: The struggle to find housing in New Jersey
Dean Emeritus James W. Hughes talks about the rising cost of housing in NJ and what the future will bring.
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.
Helped by federal funds and private investment, a major push for passenger rail
It's the question rail enthusiasts have posed for years: When might U.S. train travel start to more closely resemble that of Europe and Asia? ......... But even as the federal government pours money into improving the nation's rail system, experts caution the ultimate...
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...
Hughes – What if the road from Tuckerton to Atlantic City was built?
Route S4A was intended to connect Tuckerton in Ocean County to Atlantic City in Atlantic County, New Jersey, during the 1920s. The road's construction would have significantly shortened the travel distance between North Jersey and Atlantic City, but it was never...
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