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.”
Topic
Posts
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.
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.
Republicans take aim at Biden’s climate plan in debt ceiling fight
Amid warnings about looming fiscal catastrophe, the GOP is attempting to use Biden’s climate agenda as a bargaining chip over raising the debt ceiling – even if it could hurt Republican voters... “Republicans unfortunately are not allowing government to function as...
Upgrades buoy New Jersey with potential recession ahead
New Jersey faces the uncertain economic conditions ahead with historic reserves, a trimmed-down debt profile, and a slew of upgrades from the major bond rating agencies. The state has received six upgrades in a little over a year, including four in April alone,...
Another Interest Rate Hike – What it Means for NJ Residents
The Federal Reserve will once again raise interest rates Wednesday afternoon, but this time they’re only expected to bump them up a quarter of a percent, not half a percent like we’ve had for the past several months. According to Rutgers University economist James...
Economic Doubts and Downturn?
Although a solid 263,000 jobs were created nationwide in November within the context of a 3.7% unemployment rate, the US and New Jersey economies are nonetheless facing headwinds: Inflation remains high and the federal reserve’s attempts to control it by raising...
Gerardo Benavides, MPP ’23, Interviewed about Immigrant Housing Hardships Report
Bloustein School MPP student Gerardo Benavides worked with Make the Road New Jersey on a report titled Housing Insecurity: A survey of tenants in Elizabeth, Passaic and Perth Amboy.
Hughes Talks About Inflation and Recession with Rhonda Schaffler on NJ Business Beat
Dean Emeritus James W. Hughes focuses on the positive aspects of the NJ economy right now, but predicts we will be moving into a recession in 2023.
Upcoming Events
New Jersey Digital Government Summit
The War Memorial, Trenton, NJ 1 Memorial Drive, Trenton, United StatesThe Digital Government Summit brings together technology focused public-sector professionals with leading industry partners to connect on innovative approaches, get inspired and discover new technologies. Join us and let’s improve […]
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 […]
AI Through a Rutgers Lens (Microsoft) Part 3
Microsoft, 885 2nd Avenue, 34th Floor, New York, NY 10017 885 Second Avenue, 34th Floor, New York, NY, United StatesPlease join us as we explore the world of AI with help from Rutgers experts who wrestle with these questions daily.
Socially Cognizant Robotics: Preparing for a future in which humans and robots regularly interact and society develops new rules.
Jersey City Alumni Mixer
Zeppelin Hall Biergarten 88 Liberty View Dr, Jersey City, New JerseyJoin us for an alumni mixer in #JerseyCity on Thursday, June 6th at Zeppelin Hall Biergarten. Parking for Zeppelin Hall is FREE - more information can be found here: https://zeppelinhall.com/map/. This […]
Virtual Information Session: Graduate Program in Public Policy
VirtualLearn more about the curriculum for our master's degrees in public policy, as well as our graduate certificate, how to apply, career services support for students, and scholarship opportunities.