October 2015 R/ECON™ forecast: more rapid growth for the state in 2015 than in 2014

October 23, 2015

The October 2015 R/ECON™ forecast shows more rapid growth for the state in 2015 than in 2014. Nonagricultural employment rose by 0.7 percent— or 27,700 jobs in 2014—after growth of 1.2 percent or 45,100 jobs in 2013. Growth will improve to 1.2 percent this year and in 2016; it will then average 0.8 percent over the rest of the forecast period, which goes through 2025. Unfortunately, at these rates the job base will not return to the peak level reached in the first quarter of 2008 until mid-2017. By the end of the forecast period in 2025 the employment base should be more than 250,000 jobs, or 6 percent, greater than at the 2008 peak.

Read the lastest forecast

Recent Posts

Bloustein School announces faculty promotions

The Bloustein School is pleased to announce the recent promotion of several school faculty. Juan Ayala and Jim Samuel have both been promoted to Professor of Professional Practice and approved by the Rutgers-New Brunswick Provost’s office as of May 7, 2026 “I am...

NJ State Financial Aid Outcomes Dashboard Released

The New Jersey Statewide Data System (NJSDS) is pleased to present the first release of the New Jersey State Financial Aid Outcomes Dashboard. This dashboard shows outcomes calculated by linking longitudinal higher education data from the Office of the Secretary of...

Anita Franzione, 2026 Rose Teaching Excellence Award Recipient

The Bloustein School is pleased to announce that Anita Franzione, Full Professor of Teaching, is the 2026 recipient of the Jerome G. Rose Excellence in Teaching Award. The award is presented annually to a full-time faculty member committed to quality teaching,...

Emeritus Professor John Pucher: A Blueprint for Better Biking

"Cycling is healthy.” This simple mantra guides the lifestyle and academic work of East Coast Greenway Alliance Advisory Board member, professor and author John Pucher, who — at age 75 — is a regular rider of the East Coast Greenway in Raleigh, North Carolina. Pucher,...