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Article: Uncertainty is here to stay, economists warn
- Article from:
- NJBIZ
- Article date:
- October 19, 2009
- Author:
CopyrightCopyright Journal Publications Inc. Oct 19, 2009. Provided by ProQuest LLC. (Hide copyright information)
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Employment erosion seems very likely to continue, even as the recession has come to its technical close
The Economy
BUSINESS OWNERS DON'T like uncertainty - which can wreck a budget - but they're just going to have to get used to it for a while.
That was the message from the Regional Economic Outlook: Are We On The Way Back Up? sponsored by the Newark Regional Business Partnership.
"There's no doubt that this recession is different from past ones," said speaker Jim Hughes, dean of the Bloustein School of Planning and Public Policy at Rutgers University, pointing out that job losses have already topped 150,000 in the Garden State. "Job losses generally continue for some months after a ...