NJ economy is recovering from COVID, but don’t hold your breath

A new report finds it will take years for the New Jersey economy to recover from the COVID-19 pandemic. But a complete job-loss rebound could take decades.

According to Michael Lahr, a professor of planning and public policy and director of the Rutgers University Economic Advisory Service, 16.7% of New Jersey’s 4.2 million jobs were lost between February and May in stores, restaurants, hotels, recreation, entertainment and personal services.

NJ1015.com, September 16, 2020