Tag: Jobs

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October ’21 NJ Jobs Report: Job Recovery Continues as Unemployment Falls Further Behind the Nation

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October ’21 NJ Jobs Report: Job Recovery Continues as Unemployment Falls Further Behind the Nation

State adds 20,000 jobs, remains 200,000 below pre-pandemic level

NJ’s 7.0% Unemployment Rate is 2.4% higher than U.S. average, which fell .2% to 4.6%

Despite recent gains, Leisure & Hospitality remain 20% below pre-pandemic

Workforce remains 140,700 smaller than February ‘20

Distinct differences in jobs recovery among NJ’s regions

the staff of the Ridgewood blog

Morristown NJ,  On November 18th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for October 2021. Dr. Charles Steindel, former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative:

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Democrat “Infrastructure” Bill will Hurt Economic Mobility of Women and Minorities

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the staff of the Ridgewood blog

Ridgewood NJ, the $1.2 trillion “infrastructure” bill rammed through the House last Friday includes a multi-billion slush fund that will allow the Biden Transportation Department to bypass the states and spend the money at his discretion — because he is so knowledgeable about transportation having served as the Mayor of South Bend, Indiana. United States Secretary of Transportation Pete Buttigieg will be able to allocate these funds for such projects as combatting climate change and righting the “inequities caused by past transportation projects.” He thinks federal transportation policy has been systemically racist.

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Older workers who dropped out of the workforce when Covid hit have not come back

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the staff of the Ridgewood blog

Ridgewood NJ, the labor force participation rate  remains at or near an all-time low. The USA  is more than four million jobs below where we were PRE-COVID A big part of the problem,  is that government welfare programs are providing generous benefits that can match the financial rewards from working.

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Total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent

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the staff of the Ridgewood blog

Washington NJ, total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent, the U.S. Bureau of Labor Statistics
reported today. Job growth was widespread, with notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and in
transportation and warehousing. Employment in public education declined over the month.

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How Going To College Can Benefit You Both Financially And Personally

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To go to college or not to go to college?

This discussion has become a familiar debate over the years. As things evolve and people begin making careers out of doing things that were once not viable job options, the importance of a college education has become a hot topic. 

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Last Call for Commonsense

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by Joshua Sotomayor-Einstein

The gubernatorial election ending when polls close Tuesday evening on November 2nd is not about right versus left or Republican versus Democrat. This election is about whether we will be governed by commonsense or by out-of-touch extremism. Gubernatorial candidate Jack Ciattarelli has been an advocate for NJ families, working and middle class residents, taxpayers, job growth, and freedom for New Jerseyans of all races, ethnicities, and backgrounds. Phil Murphy, the disastrous incumbent governor, has pursued policies which have killed 8,000 nursing home residents, increased the cost of living on working and middle class New Jerseyan’s, and has been busy destroying over 1/3 of NJ small businesses and the state economy.

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NJ TRANSIT CONTINUES IT”S PARTNERSHIP WITH EDGE4VETS TO CONNECT VETERANS TO JOBS

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the staff of the Ridgewood blog

Ridgewood NJ, NJ TRANSIT continues to lead a coalition of partners to connect New Jersey veterans, National Guard members, transitioning military service personnel and their spouses to careers in the transportation sector.

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I Quit : The “Great Resignation” Shows No Sign of Ending Any Time Soon

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the staff of the Ridgewood blog

Ridgewood NJ, the September jobs report came in well below expectation with payrolls only  increasing by only 194,000 . Currently close to three-quarters of workers are actively thinking about quitting their job, according to a survey by job search site Joblist. The job site just released its third quarter report about the state of the US labor market, surveying over 26,000 respondents about things like how tough they feel the job market is, whether they have already quit, and their reasons behind quitting their jobs. One survey in particular included asking about 3,000 respondents if they’re actively thinking about leaving their job.

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September’s Jobs Report Big Miss, Payrolls Increasing by only 194,000

Dow Jones estimate for 500,000

the staff of the Ridgewood blog

Washington DC, total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.

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Reversing The American Economic Recovery

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the staff of the Ridgewood blog

Ridgewood NJ, millions of jobs that will be created by all the government spending , what the press and politicos are avoiding is the jobs massive tax increases will cost the economy?

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Survey: 7 in 10 Male MBA Students think Sexism will hold them back

69% of men think it is extremely or very likely that sexism will prevent them from achieving a C-suite position, compared to 51% of women

49% of men say sexism has made it extremely or very difficult to advance in their career, compared to 41% of women

⅔ of men think that males outnumber females in C-suite positions because “men are more likely to have the necessary leadership qualities.”

Despite this attitude, 85% of men think it is “extremely” or “very” important that women are equally represented in C-suite positions

the staff of the Ridgewood blog

Ridgewood NJ,  Intelligent.com, a trusted resource for online degree rankings and higher education planning, has published a recent survey report to examine gender diversity and sexism in the workplace. Researchers surveyed 1,000 current MBA candidates in August, and the study highlights key points about the underrepresentation of women in C-suite positions.

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US Census Report Confirms Amazing Economic Gains By Minorities Under Trump

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the staff of the Ridgewood blog

Ridgewood NJ, the annual US Census Bureau report on income and poverty in America – the gold standard of economic data – was released yesterday and it highlighted how swiftly minorities climbed up the economic ladder under Trump.

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U.S. Hiring Dropped Abruptly in August with the Smallest Jobs Gain in Seven Months

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the staff of the Ridgewood blog

Ridgewood NJ,U.S. hiring dropped abruptly in August with the smallest jobs gain in seven months, complicating any decision by the Fed to begin scaling back monetary support by the end of the year.  The US Bureau of Labor Statistics reported on Friday ,Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today.

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