Never has there been a more appropriate time to be charitable and share what you have with those in need. As our businesses continue to suffer the effects of the pandemic, more and more workers will be impacted.
Taking the temperature of New Jersey’s economy and commercial real estate sector
We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.
Government officials not acting fiduciarily responsible
Since mid-March, our national GDP has plunged and New Jersey’s unemployment rate is startling, as budgeted state and local revenues are hemorrhaging. COVID-19 has made matters far worse and the budgetary pains and economic slowdown will be significant and sustained under any scenario. Our state and local elected officials must now make difficult decisions that do not jeopardize our future.
Workforce wellness, resiliency and ironclad industrial sector: Keys to recovery
Despite the ongoing adverse impacts from the COVID-19 pandemic, some experts report that the macroeconomic trends are looking favorable nationally, and especially for New Jersey, but it’s going to be pretty slow going. Marked differences exist among the various sectors, not all of which have bottomed out yet.