NEW BRUNSWICK, NJ-A Rutgers University economic analysis indicates that the New Jersey economy, which currently lags national growth, will grow at a pace 15% slower than the national growth rate over the next 20 years.
Nancy Mantell, director of the Rutgers' Economic Advisory Service, says that the Garden State will not equal its record 4.1-million jobs level posted in January 2008 until late 2017. She noted that will be three years after the nation reaches its employment peak, according to Bloomberg News.
“I'm a little concerned about temporary office employment, which has declined over the past year,” Mantell said. “Hiring temps tends to be a harbinger for near-future employment growth in the state.” See story in the Star-Ledger.
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