NJ economic outlook – Will prices keep spiking?

As we head into the second half of 2022, what is the economic outlook for New Jersey?

The state’s top economist said a number of variables are pulling us in many directions.

Rutgers University economist James Hughes said inflation is embedded for the time being, with energy and food prices still rising so don’t count on any sudden relief on the horizon.

“But there are some positives. Firms are still hiring. We’ve had strong job growth. We still have record numbers or close to record numbers of unfilled job openings,” Hughes said.

NJ1015.com, May 31, 2022