Contact Us
Make My Homepage

Can the Economy Survive Winter? [AUDIO]

The snowy and very cold winter has put somewhat of a freeze on economic activity, but the effects shouldn’t hurt most businesses in the long run. Once New Jersey and the rest of the nation begin to thaw, it’s expected many affected businesses will see some of their losses recovered.

Recent Townsquare Media reports have pointed to the harsh winter’s impact on the housing market and retail sector. However, certain purchases can’t be completely washed out by snow and ice.

Car Sales
Joe Raedle, Getty Images

James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, said folks looking to buy a home or car can have their plans delayed by weather, but those purchases will eventually be made. The same can be said for purchases at the mall or supermarket, meaning retailers’ negative numbers of the winter can be erased in the spring.

“They’re still going to have the same number of sales,” Hughes said. “It’s just that they were distorted, and the sales were pushed into the future.”

Hughes said any negative weather impacts shouldn’t affect a company’s hiring plans in the coming months.

Americans in January spent less on automobiles, clothing and at restaurants, according to the National Retail Federation. The group’s chief economist said the nasty weather is making it increasingly difficult to assess whether the slowdown is temporary or a telling sign of a longer-lasting weakness in this consumer-fueled economy.

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.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and 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 points, 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 with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, 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.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!