New Jersey

New Jersey

Rutgers University economists say New Jersey appears slowly advancing along the road to economic recovery. However, job growth may take five years to return to pre-recession levels.
Speaking in New Brunswick Wednesday, Rutgers Economic Advisory Service director Nancy Mantell predicted it may be the middle of 2016 before the average number of jobs in New Jersey exceed a peak set in 2007.
Mantell expects average annual employment gains of 1 percent or 38,800 jobs in the state from 2010 to 2020. Mantell anticipates employment growth in the U.S. will outperform the state during that period.
The economists say consumer prices rose 1.8 percent in 2010. They predict inflation in the state should mirror the national average from 2010 to 2020.