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recession

New Jersey wineries battle rising cost of packaging, shipping wine

Wineries are being hit hard by the high cost of supplies, and they are also facing supply shortages. While there isn't a wine shortage, the cost to package and ship bottles of wine has gone up, according to some employees at wineries in New Jersey. *********** A local...

Gas prices rise to record highs again

Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...

How New Jersey Averted a Pandemic Financial Calamity

James W. Hughes, the former dean of the Edward J. Bloustein School of Planning and Public Policy of Rutgers University, said the state’s decision to turn to borrowing made sense at the time. “It’s so overused, but whatever the term is — unprecedented, uncharted waters...

A long road back from the devastation of COVID-19

The recession caused by COVID-19 and the various actions taken to help mitigate the spread of the infectious virus has been devastating to the nation’s economy, and many economists are calling it the worst economic downturn since the Great Depression. The numbers bear...

Missing unemployment checks, scarce jobs in coronavirus economy

Rutgers analyst James Hughes says the cultural and economic landscape’s been forever altered by the COVID-19 pandemic. He notes New Jersey’s still short 600,000 jobs lost to the lockdown. As for all the jobseekers, his new report sketches a bleak economic recovery...

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Bloustein 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 […]