N.J. survey finds improved economic conditions
In sharp contrast to last year's slide, businesses and individuals in New Jersey say economic conditions improved in the second quarter of the year and they expressed more confidence about the future, according to a telephone survey conducted for Capital One Bank.
The survey of 408 individuals and 501 business owners and managers in June and July said individuals reported that jobs continue to be scarce. More than half the businesses in the survey said they do not plan to add new employees over the next six months. Yet, Capital One said, sentiment had improved over the same period a year ago.
"The signs that we are seeing from both businesses and consumers in the state are encouraging and evidence that a gradual recovery is underway," maintained Doug Kennedy, New Jersey market president for Capital One Bank.
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