Recent Events

September 18, 2015

Though New Jersey’s economy is performing better than in 2014, it will continue to grow more slowly than the nation’s through 2025 before keeping pace with the national rate over the next 20 years, said Nancy Mantell, director of the Rutgers Economic Advisory Service, at R/ECON’s semiannual subscriber conference on September 18. Job growth will improve to 1.1 percent this year and next after recording a sluggish 0.7 percent gain – or 27,700 jobs – in 2014, a decline of 17,400 jobs from 2013’s total. “We expect average annual job increases of 0.8 percent over the rest of the forecast period, which runs through 2045,” Mantell stated. “At these rates, the job base will return to the peak level of 4.09 million jobs reached in the first quarter of 2008, in mid-2017.”

May 9, 2015

On Friday, May 9, the Rutgers Economic Advisory Service (R/ECON) semiannual subscriber forecast and conference examined the pace of New Jersey’s economic recovery and provided insight into aspects of the real estate market that are helping establish momentum for the state’s comeback. Anne Strauss-Wieder, principal of the transportation, economic and strategy consultancy that bears her name, discussed New Jersey’s role as one of the nation’s leading hubs for distribution and supply chain activity. Jeff Hipschman, senior managing director of CBRE in East Brunswick, which has a long history of understanding and serving New Jersey’s office, industrial and retail markets, spoke about the growth in data centers. Ronald S. Ladell, senior vice president of AvalonBay Communities Inc., addressed the multifamily housing market. Nancy H. Mantell, R/ECON director, provided New Jersey’s short-term and long-term economic forecasts while Bloustein School Dean James W. Hughes offered his thoughts on the state’s “Recovery After the Recovery.”

News Release

December 11, 2013

Bloustein Dean James W. Hughes described the ongoing reinvention of New Jersey’s commercial real estate market by players who recognize that the changing nature of work, technology and employee demographics are powerful forces upsetting the status quo. According to Hughes, some are selling millions of square feet of office space, while others are bulldozing existing structures to the ground (rather than undertaking extensive, cost-prohibitive retrofits) as a prelude to creating mixed-use developments. Many are being planned to include high-density housing accessible to mass transit. R/ECON Director Nancy Mantell presented short- and long-term economic forecasts for New Jersey and University Professor Joseph J. Seneca, also of the Bloustein School, addressed national economic trends.

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April 19, 2013

Superstorm Sandy: Unanticipated Realities and Post-Surge Responses. Welcome Remarks by James Hughes; Ralph Izzo, President & COO, PSE&G; Anne Strauss-Wieder, A. Strauss Wieder, Inc; New Jersey Forecast by R/ECON Director Nancy Mantell; Closing Discussion by Joseph J. Seneca.

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November 9, 2012

New Jersey’s Healthcare and Pharmaceutical Healthcare Industries: Prospects and Problems (Dean J. Paranicas, President and CEO, HealthCare Institute of NJ ) and Asset Transfer of the University of Medicine and Dentistry and Rutgers: Status and Economic Impact (Christopher Molloy, Ph.D., R.Ph., Interim Provost of Biomedical and Health Science and Professor II of Pharmacology and Toxicology)

Agenda

April 18, 2012

Rutgers Forecast: New Jersey ‘Decisively’ Comes out of Recession but Still Trails Nation in Several Economic Indicators

News Release

October 26, 2011

What’s Putting the Brakes on New Jersey’s Weak Economic Recovery? Rutgers economist cites national, international woes with slowing rebound

Agenda News Release

April 18, 2011

Whither New Jersey’s Economy? R/ECON Program Features Forecast, Promising Business Initiatives

News Release

November 3, 2010

New Jersey’s Economic Recovery ‘Just Inching Along’. Rutgers economist cites contraction in public jobs sector among factors slowing state’s comeback.

Agenda News Release

April 22, 2010

Can They Get Along Together? R/ECON’s April 22 Earth Day Conference Examines Relationship Between Environment and New Jersey Economy.

Agenda News Release

October 29, 2009

Recession’s Effects Will Linger in New Jersey for Much of Next Decade, Rutgers Economist Predicts

Agenda News Release

July 16, 2008

Rutgers Economist Sees Mild Recession Ahead for New Jersey

Agenda News Release