New Jersey Economic Outlook: July 2010

New Jersey’s economy and labor market appear to be in the nascent stages of a recovery. Economic activity seems to have picked up with the coincident index in positive territory for the first time in nearly two years, and nonfarm employment rose in each of the last three of four months. While glimmers of hope have begun to emerge, the Garden state could have a long and arduous road to economic sustainability. … New Jersey’s economy and labor market appear to be in the nascent stages of a recovery. Economic activity seems to have picked up with the coincident index in positive territory for the first time in nearly two years, and nonfarm employment rose in each of the last three of four months. While glimmers of hope have begun to emerge, the Garden state could have a long and arduous road to economic sustainability. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker-dealer registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through subsidiaries including, but not limited to, Wells Fargo & Company, Wachovia Bank N.A., Wells Fargo... More