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...
Topic
recession
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...
One thing we agree on – How the American public views the economic crisis
Survey results showed that the public shares widespread agreement regarding the state of the economy and what the response to joblessness should be.
Twin crises: The economic impact of COVID-19 and Americans’ outlook for the future
Americans are experiencing dire financial and emotional trauma from the pandemic-driven recession and worry that these negative realities will linger for many years.
Healing the wounded economy: Large majorities of Americans support government action to create jobs; help workers, businesses
Americans are eager for the government to ease the pain of the recession brought about by the pandemic.
If we don’t receive stimulus, ‘we’re going back into recession’: economist
Mark Zandi, Moody's Analytics Chief Economist, joins The Final Round to discuss his thoughts on what’s driving the markets, how investors should be thinking about the July jobs report and the impact of a stalling stimulus plan might have on the economy. Professor...
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...
New Jersey politics: Why primary ballots make all the difference
Stuart Shapiro and Julia Rubin discuss her recent article on the role of political machines in New Jersey and how the design of ballots favor some candidates over others.
We asked an economist: How long will it take NJ to make a comeback?
NJ 101.5 talks with James Hughes (Bloustein) about the jobs increase since May, which he said is a positive trend, but said the state needs to recover 74% more in order to get back to February levels. NJ1015.com, July 16, 2020