Rutgers Economic Advisory Service (R/ECON) semiannual subscriber forecast and conference, “Are Prospects for the New Jersey Economy Improving?” R/ECON is presented by the Center for Urban Policy Research, part of the Edward J. Bloustein School of Planning and Public Policy at Rutgers, The State University of New Jersey.
|WHO:||Bloustein School Dean James W. Hughes and R/ECON Director Nancy H. Mantell will provide insight into the region’s and New Jersey’s near-term economic picture. Additionally, Mantell will offer a long-term forecast through 2020. The second half of the program, “The New Jersey Economy: What’s Happening in Real Estate?” will offer presentations by Gil Medina, executive managing director, Cushman and Wakefield Inc., and Patrick O’Keefe, director of economic research, J.H. Cohn LLP.|
|WHEN:||10:30 a.m.-12:30 p.m. Wednesday, Nov. 3.|
|WHERE:||Special Events Forum, Civic Square, 33 Livingston Ave., New Brunswick|
|BACKGROUND:||The National Bureau of Economic Research says the “worst recession since the Great Depression” ended in June 2009, but New Jersey’s unemployment rate stood at 9.4 percent in September. Closed storefronts still dot too many downtowns and strip malls, and “Available for Lease” signs remain part of the landscape in office parks throughout New Jersey. While August data from the U.S. Bureau of the Census on residential housing units authorized by building permits shows New Jersey’s homebuilders planned 1,283 units for construction during the month, is that anything to write home about? R/ECON’s expert panelists will go behind the statistics at the next conference and forecast.|
Media Contact: Steve Manas
732-932-7084, ext. 612