“It’s really been a long-term slide,” Hughes said. “We are one of the most expensive places to live, one of the most expensive places of doing business, and we have a highly unionized labor force, so we have to overcome all those costs to be successful.”
Topic
James W. Hughes
Morris County warehouse currently leased to Amazon trades hands for $29 million
A former Sam’s Club warehouse leased to Amazon recently sold, marking a shift in the region from large suburban office spaces to warehouses. The transaction reflects a broader trend in New Jersey, where warehouse construction surged during the COVID-19 pandemic to meet the growing demand for e-commerce.
Unilever to move headquarters out of Englewood Cliffs next year
Suburban office campuses more broadly have switched to urban corporate centers in places like Manhattan, Jersey City and Hoboken, a reversal of the trend seen in the 1980s, said James Hughes, dean emeritus of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
Do you have one of the most common jobs in New Jersey?
As the baby boomer population ages out and becomes and becomes one of the health care and nursing sector’s biggest group of consumers, nursing and healthcare jobs will continue to increase according to James Hughes.
For recent NJ college grads, the job search has been rough as firms eye inflation
After COVID-19, “it was a really great time to be a college graduate, because firms were trying to build up staff,” Hughes said. “But now they’re filled up.”
NJ unemployment rate 6th highest in the nation as health care, banking shed jobs
New Jersey’s unemployment rate has been nearly the same for almost a year — the sixth highest in the nation according to recent numbers — as nationwide the labor market shows signs of slowing down. New Jersey's latest unemployment rate is still a far cry from the...
How To Identify a Move-In-Ready House To Buy
“In the past, homebuyers focused primarily on their monthly mortgage payments. Now they’re thinking more about the larger financial picture,” Hughes says.
Barclays cutting 70 North Jersey jobs as more layoffs hit financial sector
Barclays bank is laying off 70 employees in Whippany, the latest job cuts in New Jersey’s financial services sector. According to a company spokesperson, the 70 roles in Whippany in Morris County have been “made redundant.” “We regularly review our operations to...
Federal Funding Secured for $16 Billion Hudson Tunnel Project
“It is critical for moving people up and down the corridor. The tunnel will allow for more mobility and convenience for commuters and is vitally, vitally important,” said James W. Hughes.
UBS latest bank to announce NJ job cuts as finance sector shrinks
James Hughes, an economist at Rutgers University, told NorthJersey.com that white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic.