October 2015 R/ECON™ forecast: more rapid growth for the state in 2015 than in 2014

October 23, 2015

The October 2015 R/ECON™ forecast shows more rapid growth for the state in 2015 than in 2014. Nonagricultural employment rose by 0.7 percent— or 27,700 jobs in 2014—after growth of 1.2 percent or 45,100 jobs in 2013. Growth will improve to 1.2 percent this year and in 2016; it will then average 0.8 percent over the rest of the forecast period, which goes through 2025. Unfortunately, at these rates the job base will not return to the peak level reached in the first quarter of 2008 until mid-2017. By the end of the forecast period in 2025 the employment base should be more than 250,000 jobs, or 6 percent, greater than at the 2008 peak.

Read the lastest forecast

Recent Posts

Heldrich Center: Updated Multi-State Postsecondary Report Released

The Heldrich Center for Workforce Development has announced the release of an updated Multi-State Postsecondary Report, linking postsecondary completion data to employment outcomes across Kentucky, New Jersey, Ohio, Rhode Island, Tennessee, and Virginia. This effort...

Cantor, Yedidia Identify Strategies to Provide Health Care to Homeless

Through cooperation, homeless services and health care providers can improve delivery of medical care to a vulnerable population, according to Rutgers researchers published by Rutgers Today, December 17, 2025 Author: Greg Bruno Media Contact: Nicole Swenarton, Rutgers...

“Work Trends RU” Podcast with Beth Simone Noveck, Ph.D.

Beth Simone Noveck, Ph.D., Chief AI Strategist for the State of New Jersey, Guests on Work Trends RU Podcast Listen to the latest episode of the Heldrich Center’s “Work Trends RU” podcast, featuring Beth Simone Noveck, Ph.D., Chief AI Strategist for the State of New...

Prof. Andrews Interviewed About New Jersey’s Propane Emergency

RINGWOOD, N.J. (PIX11) — It’s a phrase that brings to mind natural disasters, like hurricanes or blizzards, but a state of emergency has now gone into effect in New Jersey over propane deliveries. As is the case in most natural disasters, this state of emergency...