The Star-Ledger Looks to Pace University Economics Professor’s Opinion on the State of American Employment Rates

According to Pace University Economics Professor Farrokh Hormozi: “The state of the American economy, particularly the New York metro area, has been improving consistently since, at least, the third quarter of 2009.”

Star-Ledger: Job figures suggest recovery, but it’s going to be slow . . . . According to Pace University Economics Professor Farrokh Hormozi: “The state of the American economy, particularly the New York metro area, has been improving consistently since, at least, the third quarter of 2009.” Employers are hesitant to believe, however, that this trend is real and will continue. Professor Hormozi notes “employers are influenced by their perceptions of the state of the economy. When the economy is on the downward path, they see the gloomy picture and act quickly to stay afloat, laying off employees. On the way up, on the other hand, they prefer to wait for more assurances. They offer overtime to the existing workers rather than committing to new ones.”

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