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.

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...

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Stop by virtually on Mondays (except for holidays) beginning September 9th through December 16th between 11 am and 1 pm to ask a quick (15 min) career-related question of Bloustein […]