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Media Advisory

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Business and Economics;
Health & Medicine;
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Politics, Law and Public Policy / Public Health Issues, Policy

Is the Recession ‘Technically’ Over? Why the Health Care Crisis is not – ‘Technically’ or Otherwise! R/ECON Provides Details at Oct. 29 Conference

October 19, 2009

EDITOR'S NOTE:

ATTENTION BUSINESS, ASSIGNMENT EDITORS, R/ECON Director Nancy Mantell will be available for brief on-site and phone interviews from 11 a.m. to noon Thursday, Oct. 29 in Room 444 of the Civic Square building, 33 Livingston Avenue, New Brunswick. Call Steve Manas, Office of Media Relations, 732-932-7084, ext. 612, or 732-991-7397 to attend or arrange interviews. The press is also invited to a light luncheon at noon in Room 556. Call Marcia Hannigan, 732-932-5475, ext. 758, to reserve media parking in the Civic Square garage, at the building’s rear. Enter from Kirkpatrick Street, off New Street.

WHAT:	Rutgers Economic Advisory Service (R/ECON) semiannual subscriber conference, “The New Jersey Forecast – Has the Recession Run its Course?” and “Health Care in the New Jersey Economy – What’s Happening Now and What are the Prospects for the Future?” 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 New Jersey’s near-term economic picture. Additionally, Mantell will offer a long-term forecast through 2019. Joel Cantor, director of the Center for State Health Policy, part of Rutgers’ Institute for Health, Health Care Policy and Aging Research, will describe the role health care plays in the Garden State’s economy.
WHEN:	1 p.m. to 3 p.m. Thursday, Oct. 29
WHERE:	Special Events Forum, Civic Square, 33 Livingston Avenue, New Brunswick
BACKGROUND:	New Jersey’s recession began in January 2008, a month after the national recession started. From its onset to July 2009, the state lost more than 161,000 jobs or 4 percent of its peak employment base, and didn’t experience a gain until August, when an uptick of 700 jobs occurred. As for health care’s role in the state’s economy, the industry contributed about 12 percent of the gross state product in 2004 (latest data available). In 2008, more than 12 percent of New Jerseyans engaged in nonfarm employment were working in health care. But the industry is not well. The state’s insurance premiums are among the nation’s highest, and the health care delivery system needs fixing.

Contact: Steve Manas
732-932-7084, ext. 612
E-mail: smanas@ur.rutgers.edu

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