NJ Spotlight News
Amid talk of recession, low unemployment to cushion NJ?
Clip: 7/29/2022 | 3m 41sVideo has Closed Captions
Unemployment in New Jersey remains just under 4%
When the Federal Reserve raised interest rates Wednesday to fight inflation, it made car-buying and house-buying more expensive. The rate hike "ends up restricting lending, which restricts investment, which then has impacts on employment. Then the layoffs and unemployment," said Michael Busler, professor of finance at Stockton University.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Amid talk of recession, low unemployment to cushion NJ?
Clip: 7/29/2022 | 3m 41sVideo has Closed Captions
When the Federal Reserve raised interest rates Wednesday to fight inflation, it made car-buying and house-buying more expensive. The rate hike "ends up restricting lending, which restricts investment, which then has impacts on employment. Then the layoffs and unemployment," said Michael Busler, professor of finance at Stockton University.
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Clip: 7/29/2022 | 53s | The vaccination sites are in Camden and Bergen counties (53s)
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS