Tag: Jobs

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Rutgers University: NJ’s Slow Pace Economic Recovery

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the staff of the Ridgewood blog

New Brunswick,  NJ,  New Jersey has regained nearly half of the jobs it lost due to the pandemic-driven economic contraction of March and April, but future employment gains will become increasingly difficult, according to a new Rutgers report.

“The United States and New Jersey have made substantial progress in climbing out of the economic chasm that opened beneath our feet in April. But the summer’s extraordinary job growth began to slow in August, with signs that labor market advances are losing momentum,” said report co-author James W. Hughes, University Professor and dean emeritus of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University-New Brunswick.

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New York Stock Exchange (NYSE) Signals Willingness to Relocate Servers to Avoid Proposed New Jersey Financial Transaction Tax

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the staff of the Ridgewood blog

Mahwah NJ, On September 26th, next Saturday, all U.S.-based stock exchanges will simulate a day’s worth of trading using their backup sites in the Midwest. The test is a dry run for relocating the data processing permanently should New Jersey go through with its new financial transactions tax, which targets New York-based stock exchanges that currently rely on electronic infrastructure located across the river in New Jersey.

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New Jersey has the 9th Worst Unemployment Rate Recovery

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the staff of the Ridgewood blog

Trenton NJ, With the U.S. gaining 1.4 million jobs in August and the national unemployment rate at 8.4% compared to the nearly historic high of 14.7% at the peak of the coronavirus pandemic, WalletHub today released updated rankings for the States Whose August Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.

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How to Be Credible When Applying for an Online Job

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People have been laid off from their jobs because of COVID-19 recently. Finding a job these days is a bit challenging. We’re going through a new situation, and we’re gradually adapting to it. Part of adapting is finding new jobs online. It took a pandemic to teach us that we can do most, if not all, types of work from home. The problem lies in the hiring process. How can the recruiters and employers trust us when they’ve only seen us online? Here are our tips on how to make yourself credible when applying for an online job. 

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Reader claims amazing bandwidth found everywhere will make NJ unattractive to do business

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“with amazing bandwidth found everywhere, why stay? staff are fleeing NYC and NJ in mass numbers. The 12billion in debt will make NJ unattractive for 12 years. parkway taxes up. cigarette taxes. gas taxes, real estate tax. no incentives to move to nj. murphy is murdering NJ one tax at a time. wall street companies are very clear they are there to be profitable. so if its not attractive economically, and good staff are fine moving, why stay? its just a building and a bunch of dedicated T3s and other connectivity. easy move.”

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How Much Money Can You Make as a Private Hire Driver?

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Being a private hire driver is in demand in the job market right now. If you’re planning to become one, you must be wondering how much you can make. 

In this article, we’ll talk about a private hire driver’s earnings and other benefits the job can give. Read on to know more. 

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Financial Firms Including the NYSE Consider Moving Out of New Jersey

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the staff of the Ridgewood blog

Mahwah NJ, The New York Stock Exchange is signaling that it will move its electronic trading systems out of New Jersey if the state implements a Governor Murphy proposed tax on financial transactions. The NYSE said Friday that it will run one of its exchanges from a backup site in Chicago for a week as a demonstration of its readiness to quit the state, according to a notice sent to clients.

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Nonfarm payroll employment rose by 1.4 million in August, and the Unemployment rate fell to 8.4 percent

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the staff of the Ridgewood blog

Washington DC, Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor
market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase in government
employment largely reflected temporary hiring for the 2020 Census. Notable job gains also occurred in retail trade, in professional and business services, in leisure and hospitality, and
in education and health services.

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Governor Murphy Signs Legislation Expanding Access to Professional and Occupational Licenses for Illegal Immigrants , What Could Go Wrong With That ?

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the staff of the Ridgewood blog

Trenton NJ, Governor Phil Murphy today signed legislation (S2455), which prohibits lawful presence in the United States as a qualification to obtain a professional or occupational license, provided that the applicant meets all other requirements for licensure. The bill impacts the roughly 500,000 undocumented residents in New Jersey, who will now be eligible for professional licenses such as nursing, counseling and cosmetology.

“New Jersey is stronger when everyone is given the opportunity to contribute and everyone is given a chance to live their American Dream,” said Governor Murphy. “This law sends a simple, powerful message that immigration status can no longer be used as an excuse to discriminate among equally educated, trained, and qualified individuals. As we look toward our shared economic future, we must ensure that no one is left behind and everyone who puts forward the effort can succeed.”

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Labor Day weekend hotel bookings down 66% compared to last year

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the staff of the Ridgewood blog

Atlantic City NJ,  The American Hotel & Lodging Association (AHLA) today released an analysis on the economic and human struggle  of the hotel industry six months into the COVID-19 pandemic, with millions of employees still furloughed or laid off and travel demand lagging far behind normal levels.

 

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Improve your Business with Qualified Employees

Staffing your business properly can take a lot of time. You must advertise, read through resumes, and conduct interviews. At times, you may also need temporary help. A staffing agency offers many benefits for companies that wish to improve their productivity. It is essential to have a team that works well together. You must also hire employees with the proper skill set. 

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1 in 3 Americans Worry About Job Security This Labor Day

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the staff of the Ridgewood blog

Ridgewood NJ, With Labor Day approaching and the unemployment rate at 10.2%, WalletHub today released a nationally representative Coronavirus & Labor Day Survey, which found that 1 in 3 Americans worry about job security. Below are highlights of the survey, along with a WalletHub Q&A (audio available).

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New Jersey Has the 6th Worst Unemployment Rate Recovery

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the staff of the Ridgewood blog

Trenton NJ, With the U.S. gaining 1.8 million jobs in July and the national unemployment rate at 10.2% compared to the nearly historic high of 14.7% at the peak of the coronavirus pandemic, WalletHub today released updated rankings for the States Whose July Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.

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New Jersey Payrolls Rebound in July as State Unemployment Rate drops to 13.8 Percent

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the staff of the Ridgewood blog

Trenton NJ,  Estimates released by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 129,900 in July to a seasonally adjusted level of 3,751,900. All of the gain was recorded in the private (+146,700) sector of the state’s economy. New Jersey has now regained a total of 341,300 jobs in the three months since a low point in April, or 41 percent of the jobs lost due to the coronavirus pandemic and shutdown measures taken in response to contain it. The state’s unemployment rate fell by 3.0 percentage points in July to 13.8 percent. See the technical notes at the end of this release for further information about the impact of the coronavirus on this month’s employment estimates.

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The Port of New York and New Jersey Now the Country’s Second Largest Container Port

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the staff of the Ridgewood blog

Newark NJ, The Port Industry of New York and New Jersey accounted for nearly $12 billion in tax revenue, supported over 500,000 jobs, and was responsible for $36.1 billion in personal and $99.5 billion in business income in the region in 2019, according to a new economic impact study released today by the New York Shipping Association.

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