Salaries and benefits growth are stagnant at best and if anyone believes that there can be a sustainable recovery in light of that data they should get their head examined for terminal delusion.
70% of the economy is fueled by consumer spending. Companies do not hire if demand is declining, regardless of what the government does.
I post all this again to hammer the point that evidence is coming in almost every day that we must start to rebuild our economy from the bottom up. In the case of New Jersey, we must reform our tax system and abolish the redundant government to have the funds to attract businesses and have employers increase wages – substantially.