James Hughes, an economist at Rutgers University, previously 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.
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James W. Hughes
Why are New Jersey housing costs continuing to rise — and who should pay for affordable housing?
Hughes said if federal immigrant deportations continue, home construction costs could soon rise even higher in the Garden State.
“The builders are heavily dependent on immigrant labor, particularly roofing, so they’re facing significant labor shortages,” he said.
He said tariffs could also cause housing price increases, depending on how they ultimately wind up.
“We import a lot of lumber, we import a lot of drywall, a lot of washing machines, appliances and the like,” Hughes said.
The Continuing Ups & Downs of the Trade Tariff War
“We saw the negative effects during the COVID pandemic when supply chains melted. We were overly dependent on China and other nations for critical components. So, having independence on certain sectors of the economy, with internal supply chains, would be desirable. However, the critical question is: “Will tariffs actually do that?” Hughes said.
NJ saw double the layoffs in first quarter vs last year, even before tariff fears
“We may see the same thing in 2025” because of the impact of Trump’s tariffs, he said. “It almost seems like we’re in another panic.”
Banking giant Barclays cutting 78 jobs in Whippany after earlier layoffs
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.
Population is Growing, but College Enrollment is Stalling
“We’re facing the cliff, because those born in ’08 … they’re just entering their high school graduation years,” said James Hughes, Dean Emeritus
Parsippany office building, part of a ‘dying breed,’ sells for $10.2 million
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.
JPMorgan to lay off 121 employees in Jersey City office
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.
Murphy set some key economic goals for NJ in 2018. How has he done?
The state and private investors are pouring $4 billion into the New Jersey Health + Life Science Exchange, or HELIX, in New Brunswick. “That really will be a statewide hub, not a local hub,” Hughes said. “Hopefully it will evolve into a national hub. It’s bringing together a lot of the players.”
Question: Where are all the New Jersey college students? Answer: ‘The enrollment cliff’
“We’re facing the cliff, because those born in ’08… they’re just entering their high school graduating years,” said James Hughes, Dean Emeritus of Rutgers University’s Edward J. Bloustein School of Planning and Public Policy.