“In the past, homebuyers focused primarily on their monthly mortgage payments. Now they’re thinking more about the larger financial picture,” Hughes says.
Topic
economy
Barclays cutting 70 North Jersey jobs as more layoffs hit financial sector
Barclays bank is laying off 70 employees in Whippany, the latest job cuts in New Jersey’s financial services sector. According to a company spokesperson, the 70 roles in Whippany in Morris County have been “made redundant.” “We regularly review our operations to...
Federal Funding Secured for $16 Billion Hudson Tunnel Project
“It is critical for moving people up and down the corridor. The tunnel will allow for more mobility and convenience for commuters and is vitally, vitally important,” said James W. Hughes.
UBS latest bank to announce NJ job cuts as finance sector shrinks
James Hughes, an economist at Rutgers University, told NorthJersey.com that white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic.
COVID was final blow to some NJ suburban office parks. Here’s what they’re morphing into
“Our suburban office inventory is overbuilt and under-demolished,” said economist James Hughes
BMW plans to sell off 20 acres of its North Jersey corporate headquarters
New Jersey’s suburbs have become ripe for this kind of redevelopment. They’ve been saturated with office parks stretching back to the 1980s, during an office-building boom, said James Hughes.
A new $16 billion rail tunnel will connect New Jersey and New York City
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.”
Banking, finance sector layoffs hit NJ, include Prudential and JPMorgan Chase
Today in NorthJersey.com, Bloustein School University Professor and Dean Emeritus James Hughes says white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic, which is why some of the state's...
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.
Should state agencies help pay for events in Atlantic City?
One of the issues with these subsidies is the lack of accountability, Pfeiffer said. A 2019 report stated that CRDA failed to monitor the actual cost and economic impact of the Miss America Competition when it negotiated the second contract with the organization in 2016, according to an audit of the agency.