Economic & Recovery: News Release: 7/15/2022

New Jersey Chamber of Commerce
NJ Chamber
Economic Recovery & Reopening Update
July 15, 2022
Content Curated By Scott Goldstein
  • Retail sales up 1% in June, easing fears of a recession.
  • Gas prices are dropping.
  • The books N.J. Chamber members are reading, and the business lessons they are learning.
Retail Sales up 1% in June, Easing Fears of a Recession
Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher gas and food prices – easing fears of a recession. U.S. retail sales rose 1% in June, from a revised decline of 0.1 % in May, the Commerce Department said Friday. (The Associated Press)
Moving in the Right Direction: Gas Prices are Dropping
The average cost of a gallon of regular gas in New Jersey was $4.638 on Friday, July 15. That’s down 38 cents since June 7, when the statewide average broke $5 for the first time ever. (
Swelling Grocery Bills are Pummeling the Poorest
While all Americans have seen their grocery bills swell, many may not appreciate the burden that rising food costs pose for low-income households. The reason is simple: Poor families spend a larger share of their income on food than the median household. Average food prices climbed 10% in June compared to last year. (New Jersey Monitor)
The Books N.J. Chamber Members are Reading, and the Business Lessons they are Learning
It’s summer reading season, so we asked New Jersey N.J. Chamber members to share with us the books that have motivated and inspired them, along with the lessons they learned. Here is what they said. (N.J. Chamber of Commerce) 
A Strong Activist Picks Up a Pen and Makes a Difference
A young author created a guide for how people with and without disabilities can communicate. “I was often excluded by regular students because they were not taught how to communicate with people like me,” said Timothy Rohrer. As he puts it, both communities need to learn how to work with one another. (NJ Spotlight News)
Looking to Get Vaccinated? Here's an Easy Way to Find COVID-19 Vaccines Near You.
Just punch in your area code. You can even search for a specific vaccine. (
Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources
Vaccine Guide for Businesses (U.S. Chamber of Commerce)
Guide to Starting a Business in N.J. (New Jersey Business Action Center)
Jobs and Hiring Portal Job Seekers | Employers (State of N.J.)
The Best Tool for Your Business - Membership in the N.J. Chamber
The N.J. Chamber provides members with guest speakers, webinars, networking opportunities and discount programs that help businesses grow. The N.J. Chamber also advocates for pro-growth and pro-business legislation.
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The New Jersey Chamber of Commerce is staying on top of pandemic and economic recovery developments. For news media requests, please email Scott Goldstein.
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