Contact Us

South Jersey Business Outlook Shows Slow Growth [AUDIO]

The latest Rutgers/Camden business school quarterly economic outlook contains more of the same: continued slow growth and cautious business spending.

Wall Street
Andrew Burton, Getty Images

Luke Tilley of the Federal Reserve Bank of Philadelphia says they have seen moderate economic improvement over the past year or so in South Jersey and some modest job creation. He says there is still uncertainty over what next year will bring with tax changes and federal spending cuts.

Tilley told us, “The uncertainty of that, where that is going forward, has businesses sort of on the sidelines and waiting to see how that gets resolved. Because if you don’t know what tax rates are going to be going forward, both for businesses and for consumers, that will definitely keeps people on the sidelines. They want to wait and see about the outcome.”

Tilley says a lot of firms are still a bit hesitant to make new investment and to create jobs, even though, it is still going on.

He says, “Going forward, I think that a lot of firms are still a bit hesitant to make new investment and to create jobs, even though it is still going on.”

Tilley says a retailer at the forum also talked about consumer spending habits right now, saying shoppers remains a little hesitant, but they are still spending.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of Cat Country 107.3

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://catcountry1073.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Cat Country Club quickly by connecting your Facebook account. It's just as secure and no password to remember!