Dean Emeritus James W. Hughes said a key question now is whether the Fed’s interest rate hikes will create a soft landing with a slow-growth economy, or a hard landing that will “crash” the economy.
Topic
economy
New Jersey’s rising unemployment makes economic future uncertain
New Jersey’s unemployment rose sharply in 2023, leaving economic experts wondering whether a rocky road is ahead in the new year. The state unemployment rate climbed from 3.4% in January to 4.7% in November, according to the U.S. Bureau of Labor Statistics. November’s...
NJSPL – Is There Cause for Concern in New Jersey’s Latest Unemployment Numbers?
New Jersey’s post-pandemic economic recovery has seen steady payroll employment growth, but concerns arise as the state experiences a notable increase in its unemployment rate, rising from 3.0% in August 2022 to 4.6% in October.
Mark Paul Makes the Case for Nationalizing the Fossil Fuel Industry
An article Mark Paul co-authored with Carla Skandier and Rory Renzy: “The Case for Nationalizing the Fossil Fuel Industry“, sparked this conversation with Len Beyea for Talk of the Bay from KSQD.
R/ECON Forecast for November 2023 shows slow or stagnant growth for near future
R/ECON’s economic forecast for New Jersey as of November 2023 shows slow or stagnant growth over the next five to six quarters, with GDP recovering to a steady but tepid rate of increase in 2025. This largely mirrors the U.S. trajectory, though at lower growth levels than the national outlook.
Could a record-high minimum wage mean a rise in prices and unemployment? Experts weigh in
In January, New Jersey’s minimum wage will hit its highest rate ever, $15.13 an hour, after several years of phased increases. Proponents who ushered in the increase, including progressive activists and Democratic state leaders, argue it’s necessary to afford a basic...
New Jersey public schools are losing students. Why? And where are they going?
Fewer and fewer children are attending public schools in New Jersey. Across the Garden State, public school enrollment dropped by nearly 36,000 students between 2012-13 and 2022-23, according to analysis by the Asbury Park Press. The drops are causing budget strains...
Pfeiffer – Lakewood schools borrowed millions from New Jersey and still can’t pay its bills
The Lakewood School District in New Jersey is facing severe financial distress, having borrowed $165 million since 2014 and now seeking an additional $93 million loan from the state to stay afloat. This mounting debt has been primarily attributed to the district's...
American Dream lawsuits are stacking up. Here’s why — and how they compare to other malls
The American Dream entertainment complex has faced an onslaught of 82 lawsuits since 2018, encompassing issues such as unpaid construction bills, injuries at its attractions, and defaults on loans, significantly surpassing neighboring malls in legal troubles. The...
NJ job market numbers are out: See where we’re headed
New Jersey’s private sector lost 9,500 jobs in the past two months and the unemployment rate ticked up from 3.7% to 3.9% according to a preliminary jobs report released Thursday morning by the New Jersey Department of Labor and Workforce Development. That comes...