Dean Emeritus James W. Hughes says NJ economy is a tightrope of sorts

September 12, 2022

New Jersey 101.5 wants to know “Summer is fading fast: Will NJ consumers keep spending?” Inflation and interest rates continue to rise and there is concern that NJ will head into a recession if the spending doesn’t keep pace.

But Hughes suggests, “The labor market shows no real signs of collapsing anytime soon, and that’s what would cause a really bad drop in consumer spending.”

Hughes notes that retail may take a hit because spending on goods is shifting to travel and entertainment, noting “the restaurant business is enormously strong.”

New Jersey 101.5 9/9/22

Recent Posts

NJSPL Report: Analyzing the Use and Equity of ARPA Funds

Report Release: Analyzing the Use and Equity of ARPA Funds in NJ Local Governments and Beyond New Jersey State Policy Lab The American Rescue Plan Act’s Coronavirus State and Local Fiscal Recovery Funds (ARPA-SLFRF) represent a historic $350 billion investment to...

Dr. Grafova Presented Posters from the VSR Research

Dr. Irina Grafova recently returned from the AcademyHealth Research Meeting in Minneapolis, where she had the opportunity to present two posters from the Virtual Schwartz Rounds emotional support program for nurses, run by the New Jersey Nursing Emotional Well-being...

Heldrich Report: Analysis of NJ Life Sciences, Tech Sectors

The Heldrich Center, in conjunction with the New Jersey Economic Development Authority (NJEDA), is pleased to share a new workforce analysis of the life sciences and technology sectors in New Jersey, with a particular emphasis on the sectors’ intersection with...

Restrepo-Mieth Researches Tree Inventories in Galápagos, Ecuador

Who wants a tree inventory and why? The politics of inventorying urban forestry in Galápagos, Ecuador Abstract Trees make significant contributions to the urban experience by providing ecosystem services and aesthetic value. Considering these contributions, cities are...

NJSPL: Georeferencing Historical Maps for Geospatial Analysis

New Jersey State Policy Lab, Jonathan DeLura Our project to create a dataset of historical water bodies in New Jersey began by finding maps of historical water bodies. Two atlases were used to locate historical water bodies in New Jersey. The first was Atlas of the...