The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Newark NJ, the Trump administration has terminated leases for 14 federal office buildings in New Jersey, cutting nearly $7 million in expenses as part of a nationwide budget reduction led by the Department of Government Efficiency (DOGE).
the staff of the Ridgewood blog
Ridgewood NJ, in a turn that has economists and voters taking notice, the Bureau of Labor Statistics reported on Friday that the U.S. added only 12,000 nonfarm payroll jobs in October, marking the slowest monthly growth since December 2020. This comes as a sharp contrast to September’s 223,000 jobs added, indicating an unexpected slowdown in hiring.
the staff of the Ridgewood blog
Ridgewood NJ, it’s becoming increasingly difficult for Americans to secure a job, as the latest data from the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) shows a concerning decline in job openings.
Continue reading Job Market Woes: July Sees Job Openings Fall to Lowest Since 2021
the staff of the Ridgewood blog
Ridgewood NJ, the US government has dramatically reduced its estimate for the number of jobs added in the past year by a staggering 818,000. The revised figure now stands at approximately 2.1 million jobs added from April 2023 to March 2024, marking a significant 28% downward adjustment from the previously reported 2.9 million.
Continue reading Major Revision in US Job Growth Estimates Reveals 818,000 Fewer Jobs Added
the staff of the Ridgewood blog
Ridgewood NJ, sorry commuters , everybody knows working from home offers a ton of benefits. No commute (which can save you a ton of money), no office politics, and (best of all) no need to get dressed for work.
the staff of the Ridgewood blog
Washington DC, total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.
the staff of the Ridgewood blog
Ridgewood NJ, data from the Bureau of Labor Statistics shows that the Southwest region, stretching from Texas to the California border, has seen factory jobs soar since the 2016 presidential election.
Council of Economic Advisers
New data released by the Bureau of Labor Statistics (BLS) shows that nonfarm payroll employment rose by 250,000 jobs in October, far exceeding expectations by 50,000 jobs. The United States economy continues its longest, consecutive streak of positive monthly job numbers, with employment growth averaging 213,000 jobs per month in 2018—larger than the monthly gains in both 2016 (195,000) and 2017 (182,000). Overall, the economy has added 4.5 million jobs since the election of President Trump in November 2016.
Continue reading U.S. Economy Creates 250,000 Jobs in October, Beating Expectations Again
the staff of the Ridgewood blog
Ridgewood NJ, according to the Bureau of Labor Statistic’s new data on consumer expenditures, released this month.“Consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent an average of $9,562 on food and clothing in 2017, according to BLS. But they spent $16,749 on federal, state and local taxes.
Continue reading Americans Spend More on Taxes Than on Food, Clothing Combined in 2017