“Certainly, growth has slowed, really in the second half of the year,” said James Hughes, an economist at Rutgers University.
Topic
recession
NJ lost 34,000 jobs in the past year. Are there choppy waters ahead?
Those higher-paying sectors — white-collar jobs — became saturated after having a “hard time filling their open positions” coming out of the pandemic, Hughes said. “They’re filled now and they’re holding on to the people they have, but they’re not adding new people,” he said.
Hughes expects NJ to be Waiting for the ‘Immaculate Disinflation’
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.
Republicans take aim at Biden’s climate plan in debt ceiling fight
Amid warnings about looming fiscal catastrophe, the GOP is attempting to use Biden’s climate agenda as a bargaining chip over raising the debt ceiling – even if it could hurt Republican voters... “Republicans unfortunately are not allowing government to function as...
Upgrades buoy New Jersey with potential recession ahead
New Jersey faces the uncertain economic conditions ahead with historic reserves, a trimmed-down debt profile, and a slew of upgrades from the major bond rating agencies. The state has received six upgrades in a little over a year, including four in April alone,...
Another Interest Rate Hike – What it Means for NJ Residents
The Federal Reserve will once again raise interest rates Wednesday afternoon, but this time they’re only expected to bump them up a quarter of a percent, not half a percent like we’ve had for the past several months. According to Rutgers University economist James...
Economic Doubts and Downturn?
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...
Gerardo Benavides, MPP ’23, Interviewed about Immigrant Housing Hardships Report
Bloustein School MPP student Gerardo Benavides worked with Make the Road New Jersey on a report titled Housing Insecurity: A survey of tenants in Elizabeth, Passaic and Perth Amboy.
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.
NJSPL – What’s a Fed to Do? The Potential Factors of a Recession, Part 2
Today’s NJSPL blog, by Prof. Michael L. Lahr, is the second part of a deeper look at the possible recession. He notes that the dollar is strong across the globe, which could help the economic balancing act.
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Placemaking in Context: Honoring the Culture and History of Communities
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesPlacemaking strengthens the connection between people and places. Join us as we examine placemaking through a lens of arts and humanities with transportation, highlighting the culture and histories of local […]
Rutgers University Spring Career and Internship Fair
Jersey Mike's Arena 83 Rockefeller Road, Piscataway, NJ, United StatesRutgers Career Exploration and Success invites the entire Rutgers community and beyond to join them in person to network and engage with over 150 employment organizations. View the complete list […]
Rutgers Day
Rutgers UniversityRutgers Day is set for Saturday, April 27, 10:00 a.m. - 4:00 p.m. on the Busch Campus in Piscataway and the College Avenue and Cook/Douglass campuses in New Brunswick. Get […]
Career Virtual Drop-ins
VirtualBloustein Career Development Specialists Cheryl Egan and Andrea Garrido will be in a Zoom Room on Monday's beginning January 22, 2024 (excluding holidays and spring break) to answer questions, provide […]
Bloustein Research Seminar Series: Community benefits: Developers, negotiations, and accountability
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesPresented by Jovanna Rosen, Assistant Professor of Public Policy, Rutgers-University Camden. This venue will enable our faculty to share research, build community, and extend our networks. Pizza will be served. […]