RUTGERS ECONOMISTS PREDICT SLOW ECONOMIC RECOVERY IN NJ
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Trenton - (WBGO News 10/29/2009)

Economists at Rutgers University are predicting New Jersey will recover from the recession more slowly than the nation as a whole.

Rutgers economists say New Jersey’s economy won’t expand significantly until 2016, three years after job growth begins nationally. 

Economist Nancy Mantell says it could be a decade before the state has the same number of jobs it had when the recession began.

 “It doesn’t seem to have at this point any specific industry where it’s really growing. I mean there’s a little interest in some manufacturing industries but there are very few things and they’re mostly in the southern part of the state.”

The economists say service sector and temp jobs will be the first to gain, with construction and manufacturing taking longer to rebound.

© 10/29/2009 WBGO News