October 2009 Conference

James W. Hughes

“...job creation will take longer because of the depth of the cost reductions businesses made during the recession.” – The Star-Ledger

“Given the recessionary environment, given the credit crisis, new firms aren't being created....so we aren't getting the new jobs....the recession is statistically over, but the reality on Main Street is quite different.” – NorthJersey.com

(If the country creates a robust 2.6 million jobs a year, it will take until the summer of 2017 to recover all of the jobs that were lost, accommodate all of the new workers, and bring the unemployment rate back to 5 percent.) “Not pleasant arithmetic.” – APP.com