Economic & Recovery: News Release: 7/26/2022

July 26, 2022
Content Curated By Scott Goldstein
  • U.S. economy is sending mixed signals: Here’s what it all means.
  • Federal pandemic aid could help N.J. during an economic downturn.
  • Consumers confidence slides for third straight month in July.
U.S. Economy is Sending Mixed Signals: Here’s What it All Means
The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month. (The Associated Press)
Federal Pandemic Aid Could Help New Jersey and Other States During an Economic Downturn
"A lot of what we’re seeing in these strong revenues, it’s the federal stimulus that propped up the economy, kept people spending, it kept people employed and paying income taxes, kept companies online – that assistance has been vital," said Shelby Kerns, executive director of the National Association of State Budget Officers. Added Mark Zandi, chief economist for Moody’s Analytics, "It may very well be the case this (federal aid) is much-needed help with the next set of problems we have with the economy." (NJ Spotlight News)
Consumers Confidence Slides for Third Straight Month in July
U.S. consumer confidence slid again in July as higher prices for food, gas and almost everything continued to weigh on Americans. The Conference Board's consumer confidence index fell to 95.7 in July from 98.4 in June, the lowest reading since February of 2021. (The Associated Press)
New Jersey to Offer Up to $4,000 in Cash Incentives for Purchase or Lease of Electric Vehicles
The Murphy administration wants more electric vehicles on the road and announced on Monday $60 million in incentives to help get there. New Jersey will renew its “Charge Up” program for a third year, offering up to $4,000 to get drivers to buy or lease electric vehicles. The governor’s office said in each of its first two years the program maxed out and helped put more than 13,000 electric vehicles on New Jersey roadways. (NJ Spotlight News)
A Guide to Using the 'Sales Funnel' to Gain Customers
Many have heard the term "sales funnel" but are not quite sure what it means. Here is a breakdown of the four stages of the funnel to help you understand how to go from from cold lead to warm lead to prospect and finally to customer. (U.S. Chamber of Commerce)
NJ Chamber Virtual Discussion Series on Diversity, Equality & Inclusion
July 28: Women in the Workplace: Lessons from the Navy
U.S. Navy Commander Evita Salles, a native of Neptune, N.J., will join us for an exclusive conversation about the Navy's innovative strategies to support the recruitment, retention and advancement of women. This event is part of our series focused on creating more equitable work environments for women and to uplift the voices of women in the workplace everywhere. For complimentary registration, click here. (N.J. Chamber of Commerce)
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)
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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