How New Jersey Averted a Pandemic Financial Calamity

February 24, 2021

James W. Hughes, the former dean of the Edward J. Bloustein School of Planning and Public Policy of Rutgers University, said the state’s decision to turn to borrowing made sense at the time.

“It’s so overused, but whatever the term is — unprecedented, uncharted waters — five, six months ago that was truly the case,” Mr. Hughes said.

“In the summer we still weren’t sure the scale of layoffs that could have occurred if we followed a conventional recession,” he added.

During the peak of the pandemic, when most businesses were shuttered in an effort to slow the spread of the virus, 831,000 residents lost jobs. That was twice the number of jobs gained over the last 10 years, Mr. Hughes noted.

New York Times, February 23, 2021

Recent Posts

Kelly O’Brien (MCRP ’09) Named Fairfax City Hometown Hero

On July 15th, Kelly O'Brien (MCRP '09)  was recognized as a Hometown Hero during Fox 5 DC's Zip Trip visit to Fairfax City. "Although I don't think of myself as a hero, I am grateful for the chance to express my dedication to serving my community and shed light on the...

Winecoff: Working Paper on Health Insurance Enrollment

Spillovers in Public Benefit Enrollment: How does Expanding Public Health Insurance for Working-Age Adults affect Future Health Insurance Choices? Abstract Enrollment in one public benefit program often affects enrollment in others. We study life-course spillovers by...

$21.1 million Awarded for the Safe Routes to School Program

The Murphy Administration announced $21.1 million for 23 grants under the Safe Routes to School (SRTS) program on July 10, 2024. The New Jersey Safe Routes to School Program, supported by the New Jersey Department of Transportation, is a statewide initiative with a...

Deanna Moran Named MA Chief Coastal Resilience Officer

Deanna Moran, AICP (MPP/MCRP '16) was named the Chief Coastal Resilience Officer by the Healey-Driscoll Administration to address climate change impacts along Massachusetts’ coastline. Energy and Environmental Affairs (EEA) Secretary Rebecca Tepper announced Deanna...

Voorhees Transportation Center seeks new Executive Director

The Alan M. Voorhees Transportation Center (VTC) seeks a new Executive Director who will oversee the center’s research program, technical services and other initiatives, including external relations, communications, business development, and fundraising. The Executive...

Upcoming Events

Event Series CAREERS

Virtual Career Drop-ins

Virtual

Stop by virtually on Mondays (except for holidays) beginning September 9th through December 16th between 11 am and 1 pm to ask a quick (15 min) career-related question of Bloustein […]