R/ECON’s New Jersey forecast for August 2020 reveals a state still recovering from an economic lockdown caused the COVID-19 pandemic. Global, national, and state forecasts have experienced significant downward revision for 2020 employment growth.Those revisions cut into the economy deeply across the board in the second quarter of 2020. It was so deep that the state is unlikely to experience a job count any time soon that is anything close to what it had collected by the fourth quarter of 2019.