NJ Spotlight News

Business Report: NJ pension fund loses value

Clip: 07/28/2022 | 2m 29s

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The U.S. economy shrank for the second quarter in a row, as gross domestic product fell 9/10 of 1%. The closely-watched GDP report is considered the broadest measurement of the economy. This number provides solid evidence that the economy is weakening and is raising recession fears, though some economists say the economy is not in a recession yet because the job market remains healthy.

Aired: 07/28/22 | Rating: NR

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