Although a solid 263,000 jobs were created nationwide in November within the context of a 3.7% unemployment rate, the US and New Jersey economies are nonetheless facing headwinds: Inflation remains high and the federal reserve’s attempts to control it by raising...
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James W. Hughes
NJ Money Worries: What You Should Expect to Happen in 2023
With the start of the New Year right around the corner, a lot of New Jersey residents are wondering what’s in store for them economically in 2023. According to Rutgers University economist and Dean Emeritus James W. Hughes, the New Jersey economy will do OK at the...
Road-weary N.J. drivers have the 3rd longest commutes in the U.S.
New Jersey drivers know all too well the frustration of an unending stretch of stationary red taillights on what should be a 65 mph highway. From the Parkway to the Turnpike and all major highways in between, long commute times are a part of life in the most densely...
Inflation in NJ Still High but Slowing – What it Means for You
The Federal Reserve is expected to increase interest rates again Wednesday, which means the cost of borrowing money for home mortgages and credit cards is about to go even higher, but there is good news on the inflation front. According to Rutgers University economist...
N.J.’s population center still tilts north. This town considers it a badge of honor.
The center of population shows where Americans are moving and migrating. As people move, the center of population shifts, James Hughes professor at Rutgers Bloustein School of Planning and Public Policy, which is neighboring New Brunswick. Hughes added that he’s not...
Halloween Treats Win over Inflation
Nationwide, the price of candy was upabout 13% in September compared with a year earlier, according to figures from the federal Bureau of Labor Statistics. Datasembly, a research firm that tracks consumer prices, found one of the sharpest increases among...
Giant Warehouses are Coming to Jackson
The lack of available construction land around New Jersey ports and along the turnpike, a major north-south freeway, has fueled warehouse growth in the state’s suburban communities, adding Monmouth and Ocean counties, and along nearby connecting highways like...
Hughes Talks About Inflation and Recession with Rhonda Schaffler on NJ Business Beat
Dean Emeritus James W. Hughes focuses on the positive aspects of the NJ economy right now, but predicts we will be moving into a recession in 2023.
Hughes Reflects on the 10-year Sandy Anniversary
"People were out of work, restaurant owners lost weeks of sales tax, tax revenues were ultimately changed, and we lost tourism for a long time," said Bloustein School Dean Emeritus James W. Hughes. Until a rebound would be made in the way of consumer spending, he...
NJ Leads in Work From Home Status, Hughes Explains Why
More than a fifth of New Jersey workers ages 16 and older work remotely. A confluence of factors is likely responsible for the broad uptake of telecommuting in New Jersey — even after pandemic shutdowns forced immediate changes to work in 2020 — though long commute...