The Rutgers Economic Advisory Service (R/ECON) issued its Winter 2008 economic forecast in January, finding that New Jersey added fewer jobs through November 2007 than during the similar period in 2006, and predicting the state's economy would continue to underperform against the national economy through at least 2012. The forecast prompted R/ECON Director Nancy Mantell to declare New Jersey was “caught in the economic doldrums.”
Nancy Mantell, Director R/ECON
Mantell presented the forecast at the Bloustein School during R/ECON’s semiannual subscriber conference, “The Tri-State Economy.” Dean Hughes and University Professor Joseph J. Seneca joined Mantell in a panel discussion with
James Diffley, managing director of Global Insight’s U.S. Regional Services Group, who discussed Pennsylvania’s economic prospects, and Rae Rosen, senior economist at the Federal Reserve Bank of New York, who spoke about the Empire State’s future.