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Job Loss Could Hit NJ During 'Modest' Recession: Ex-Chief Economist

Updated: Jun 20

March 3, 2023 |

Charles Steindel — former Gov. Chris Christie's chief economist for nearly four years — predicted that if New Jersey enters a recession, it "would be relatively modest and short," according to his analysis via Rowan University's Steve Sweeney Center for Public Policy. But Steindel pointed to potentially troubling signs, such as late mortgage payments and struggles in key economic sectors in both New York and the Garden State.

NJ SEED: Most NJ economists look to a soft landing should a national recession occur. Any downturn in the economy will mean lost jobs. When workers lose jobs it’s more than a statistic, it represents human beings losing their ability to support their families. Keeping NJ’s economy strong and growing is the goal.

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