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Forecast of July 2015—New Jersey: prospects for the long term

Descriptive

TypeOfResource
Text
TitleInfo
Title
Forecast of July 2015—New Jersey: prospects for the long term
Name (type = personal)
NamePart (type = family)
Mantell
NamePart (type = given)
Nancy H.
Affiliation
Center for Urban Policy Research (CUPR), Rutgers University
Role
RoleTerm (authority = marcrt); (type = text)
author
Name (type = personal)
NamePart (type = family)
Lahr
NamePart (type = given)
Michael L.
Role
RoleTerm (authority = marcrt); (type = text)
author
Affiliation
Center for Urban Policy Research (CUPR), Rutgers University
Name (authority = RutgersOrg-Department); (type = corporate)
NamePart
Center for Urban Policy Research (CUPR)
Name (authority = RutgersOrg-School); (type = corporate)
NamePart
Edward J. Bloustein School of Planning and Public Policy
Genre (authority = RULIB-FS)
Other Publication
Note (type = general note)
Rutgers Economic Advisory Service (R/ECON) quarterly report
OriginInfo
DateCreated (encoding = w3cdtf); (keyDate = yes); (qualifier = exact)
2015
Abstract (type = Abstract)
The July 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 1.1 percent in 2015 and 2016 and then average 0.8 percent over the rest of the forecast period, which goes through 2045. At these rates the job base will return to the peak level reached in the first quarter of 2008 in mid-2017. By the end of the forecast period in 2045 the employment base will be nearly a million jobs, and 23 percent, greater than its level at the peak.1 These projections assume no specific recession/recovery cycle disrupts the state’s or nation’s growth. Although this seems rather far-fetched given that the average business cycle (peak to peak) in the U.S. since World War II has lasted about 24 quarters and the current cycle is now in its seventh year, a caveat to keep in mind is that this is a long term TREND forecast; it does not purport to indicate at what point(s) CYCLES may occur.
Language
LanguageTerm (authority = ISO 639-3:2007); (type = text)
English
PhysicalDescription
InternetMediaType
application/pdf
Extent
41 p.
Subject (authority = local)
Topic
Forecast
Subject (authority = local)
Topic
Economy
Subject (authority = local)
Topic
Growth
Subject (authority = local)
Topic
Recovery
Subject (authority = local)
Topic
Employment
Subject (authority = LCSH)
Topic
Economic development
Subject (authority = lcsh/lcnaf)
Geographic
New Jersey
RelatedItem (type = host)
TitleInfo
Title
Mantell, Nancy H.
Identifier (type = local)
rucore30155500001
RelatedItem (type = host)
TitleInfo
Title
Lahr Michael L.
Identifier (type = local)
rucore30152600001
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier (type = doi)
doi:10.7282/T38C9Z28
Genre (authority = ExL-Esploro)
Report
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Copyright for scholarly resources published in RUcore is retained by the copyright holder. By virtue of its appearance in this open access medium, you are free to use this resource, with proper attribution, in educational and other non-commercial settings. Other uses, such as reproduction or republication, may require the permission of the copyright holder.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
RightsEvent
Type
Permission or license
AssociatedObject
Type
License
Name
Multiple author license v. 1
Detail
I hereby grant to Rutgers, The State University of New Jersey (Rutgers) the non-exclusive right to retain, reproduce, and distribute the deposited work (Work) in whole or in part, in and from its electronic format, without fee. This agreement does not represent a transfer of copyright to Rutgers.Rutgers may make and keep more than one copy of the Work for purposes of security, backup, preservation, and access and may migrate the Work to any medium or format for the purpose of preservation and access in the future. Rutgers will not make any alteration, other than as allowed by this agreement, to the Work.I represent and warrant to Rutgers that the Work is my original work. I also represent that the Work does not, to the best of my knowledge, infringe or violate any rights of others.I further represent and warrant that I have obtained all necessary rights to permit Rutgers to reproduce and distribute the Work and that any third-party owned content is clearly identified and acknowledged within the Work.By granting this license, I acknowledge that I have read and agreed to the terms of this agreement and all related RUcore and Rutgers policies.
RightsHolder (type = corporate)
Name
Edward J. Bloustein School of Planning and Public Policy
Role
Copyright holder
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Technical

RULTechMD (ID = TECHNICAL1)
ContentModel
Document
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