Since the end of December, total job growth has been relatively strong in the state, though data revisions have continued to blur the picture.
Topic
Will Irving
NJSPL – NJ Progress with Offshore Wind Projects
Offshore wind has the potential to contribute to the state’s decarbonization goals while generating approximately 20,000 new jobs for the state by 2030, but exactly how these economic benefits will be distributed remains to be seen
NJSPL – New Jersey’s 2025 Tax Revenue Projections
Adjusted appropriations for FY 2024 are nearly $1 billion higher than in the original budget, while FY 2024 revenues are projected to be about $500 million lower. As a result, the current projection would see the budget surplus drop from $10.7 billion at the outset of FY 2024 to $6.1 billion at the end of FY 2025.
NJSPL – Marc Pfeiffer On Fixing the Open Public Records Act
OPRA, the state’s Open Public Records Act is showing its age. Now 22 years old, this important public policy suffers, in part, from age, neglect, unintended consequences, and unexpected use cases. Efforts to repair OPRA must recognize that the law affects all levels of New Jersey government, not just municipal.
NJSPL – New Jersey Employment Concerns Revisited
As 2024 began with yet another surprisingly strong jobs report for the U.S., and with a full year’s worth of 2023 state-level employment data now available, it’s worth briefly revisiting some of the trends discussed in our early December post on New Jersey’s employment situation.
An uneven recovery? NAIOP panelists see different paths for different asset types in 2024
Rutgers professor Will Irving was less sanguine about the office market and the state’s economy. With respect to a hard or soft landing, he said, “it’s still a landing, and the landing that we’re seeing in New Jersey is a little ahead and a little harder than we’re seeing elsewhere.”
NAIOP New Jersey to host annual meeting, commercial real estate outlook on Jan. 25
Will Irving will present on the panel of industry experts discussing the connection between local economic trends and the state’s commercial real estate sector.
New Jersey’s rising unemployment makes economic future uncertain
New Jersey’s unemployment rose sharply in 2023, leaving economic experts wondering whether a rocky road is ahead in the new year. The state unemployment rate climbed from 3.4% in January to 4.7% in November, according to the U.S. Bureau of Labor Statistics. November’s...
NJSPL – New Jersey Population Growth Recovers
This month, the U.S. Census Bureau released its annual state population estimates, revealing that New Jersey is resuming population growth after experiencing a decline of nearly 30,000 residents since the 2020 Decennial Census. The increase of just over 30,000 residents (0.3%) in 2023 as of the Bureau’s July 1 estimate brings the state population to slightly above the April 1 2020 decennial base.
NJSPL – Is There Cause for Concern in New Jersey’s Latest Unemployment Numbers?
New Jersey’s post-pandemic economic recovery has seen steady payroll employment growth, but concerns arise as the state experiences a notable increase in its unemployment rate, rising from 3.0% in August 2022 to 4.6% in October.
Upcoming Events
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Undergraduate New Student Information Session for Fall 2024 Majors
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesIn-Person Session August 27th The Bloustein School is hosting the annual undergraduate student orientation for new majors on Tuesday, August 27, 2024. Newly enrolled direct-admit students in Planning and Public Policy, […]
International Student Resources Information Session and Panel
VirtualMeet your Bloustein Graduate student services/career team and the Bloustein Liaison to our international students. The second hour will be a panel of international alumni who will share their journey […]
Virtual Career Drop-ins
VirtualStop 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 […]
Virtual Career Drop-ins
VirtualStop 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 […]
Undergraduate Research Discovery Session: Public Health and Public Policy
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesDr. Jane Miller will present information about the Bloustein Honors Research Program (BHRP) and independent study options available. Dr. Liz Cooner, Director of the NJ State Policy Lab, will be […]