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October 2009 Conference Nancy H. Mantell “Unfortunately, New Jersey has now lost more jobs than it gained during the expansion of 2003 to 2008.” – pressofAtlanticCity.com “What is going to make the economy grow? That would be really good to know.” – APP.com (The recession)“It may be over in the sense of production, but not in the sense of jobs.” – The Star-Ledger “The loss of professional and business services jobs is very troubling, as this sector was a major engine of growth for the economy during the previous cycle, and in general pays very high wages....I expect it to be a harbinger of growth during the recovery, because it includes tech services, which should be one of the first places we see some growth when firms start hiring again. It also includes a lot of technology-related areas, and that is something that I would expect to grow as the economy comes out of the recession.” – NJBIZ “The only industries that experienced growth during the recession were education, health and 'other services'...” – Bloomberg.com “The end of plunging energy prices and a return to a more normal economic picture in 2010 will be accompanied by an inflation rate averaging 1.9 percent per year between 2009 and 2019.” – Rutgers Media Relations |
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