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.
Topic
Will Irving
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.
Bloustein research leads new issue of “New Jersey Municipalities”
“How Sandy will Impact Our Economy,” an article by Joseph Seneca, University Professor; Nancy Mantell, Director of R/ECON; Michael Lahr, Bloustein Associate Research Professor; and Will Irving, Bloustein Research Associate in the April 2013 of New Jersey...