Senior Advisor Joel Naroff’s first NJBIA monthly economic review published
As part of a new agreement, Naroff, with the support of Econsult Solutions, will be providing a review on a different economic topic each month for NJBIA members. The first economic review focuses on the state of New Jersey’s economy.
Among the points Naroff hits in his review of the state’s economy:
- Job gains continue to give reason to believe New Jersey’s economy is picking up as the state’s economic recovery continues.
- In June 2015, New Jersey’s unemployment rate was 6.1 percent, the lowest mark since October 2008.
- Job gains have accelerated over the past 15 months.
- The housing market is starting to see improvements and housing permit requests are on the rise.
Naroff ends the review by stating that New Jersey’s economy should continue to recover and expand as the U.S. economy continues to recover and expand.
Next month’s review will look at the state of the U.S. economy as a whole.
To read this month’s review in its entirety, click here.
For more on NJBIA, click here.