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President of the Commerce and Industry Association of New Jersey ,”It is time to focus on passing laws which help businesses”

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Trenton NJ, Anthony Russo, president of the Commerce and Industry Association of New Jersey (CIANJ). CIANJ is a statewide business advocacy group, with offices in Rochelle Park and Trenton, representing the interests of more than 900 members from virtually every business sector (manufacturing, hospitality, financial, insurance, academia, healthcare, etc.). CIANJ prides itself in being a leading advocate for a free market economy, because we firmly believe it is through a free market economy that New Jersey thrives in terms of innovation, competition and the creation of private sector jobs.

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June ’19 Jobs Report – Modest Job Growth & Shrinking Workforce Drives New Jersey Unemployment Rate Lower

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the Staff of The Ridgewood Blog

MORRISTOWN NJ, Following in the wake of the U.S. economy adding 224,000 jobs in June, New Jersey’s economy added 9,600 private sector and 600 government sector jobs in June,  according to Garden State Initiative (GSI) analysis of the newest jobs numbers issued by the Bureau of Labor Statistics. The Garden State’s workforce declined in June, the 2nd straight month of a reduction, with the state’s workforce remaining below 2008 levels. The combination of increased employment and shrinking workforce led the unemployment rate .3% lower to 3.5%.

The state’s workforce shrank by 4,000 individuals in June, the second consecutive month of declines. The state’s average workforce of 4,443,100 in the month, remains below the average annual workforce size of 4,504,400 at the start of the Great Recession in 2008, a decline of 1.3%. The current national workforce has increased 5.6% over the same time period.

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Stew Leonard’s in Paramus to Host Job Fair on July 13th

Rendering Paramus Store

When:

Saturday, July 13, 2019 from 9:00 a.m.  – 1:00 p.m.

Where:

Stew Leonard’s Hiring Center

Paramus Park Mall, 700 Paramus Park, Paramus, NJ 07652
To find the Hiring Center, please use the Panera Bread entrance. We are located at Spot 1400, directly across from T-Mobile.

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U.S. Economy Adds Another 224,000 New Jobs in June As Wage Increases Remain Strong

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Council of Economic Advisers

Washington DC, The United States economy continues to flourish, according to the June Employment Situation Report released today by the Bureau of Labor Statistics (BLS). Total nonfarm payroll employment in June rose by 224,000 jobs, far exceeding market expectations (162,000). With July marking the longest economic expansion on record, it is a testament to the strength of the Administration’s economic policies that the economy continues to generate monthly job gains of this magnitude.

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New Government Data Shows the Broad Strength of the United States Job Market

Number of Unemployed Workers per 100 Job Openings Q4 20181

the staff of the Ridgewood blog

Washington DC, New data released this morning from the Bureau of Labor Statistics’ (BLS) Job Openings and Labor Turnover Survey (JOLTS) showed that there were 7.4 million job openings in April, once again illustrating the strong job market for people looking for work.  For more than a year these data have found that there are more job openings than unemployed workers. For the first time, a new experimental series recently produced by the BLS also allows for an analysis of job openings at the State level.

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Assemblyman Christopher P. DePhillips bill increases angel-investor tax credit supporting tech start-ups, and jobs

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the staff of the Ridgewood blog

Trenton NJ, Among the numerous bills passed by the Assembly yesterday was a key piece of legislation, sponsored by Assemblyman Christopher P. DePhillips, designed to boost emerging technology businesses in the state.

“We need to do everything we can to keep innovative and growing companies in New Jersey,” said DePhillips (R-Bergen). “Young entrepreneurs and angel investors are creating opportunities and jobs that have great potential.”

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New Jersey loses 7600 jobs in May

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the staff of the Ridgewood blog

ewood NJ, New Jersey employers pulled back hiring in May and are growing more pessimistic about their outlook, a series of reports released this week shows.

The New Jersey Department of Labor and Workforce Development reported Thursday that New Jersey lost 7,600 jobs in May. Its unemployment rate dipped to 3.8 percent — the lowest level since April 2001. But the jobless rate’s decline was due in part because fewer people were in the labor force.

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Forbes Names Valley Health One of New Jersey’s Top Employers

Valley Hospital

the staff of the Ridgewood blog

Ridgewood NJ, Valley Health System has been named to Forbes’ inaugural list of Best-in-State Employers. The list, which was released today, includes only 72 employers in the state of New Jersey and only eight hospitals or health systems.

“Our goal is to create a workplace where employees feel valued and appreciated,” said Audrey Meyers, President and CEO of Valley Health System.” This recognition is particularly meaningful because it is based on feedback from our employees.”

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Some Good News For New Jersey Economy For A Change Employers added 11,800 jobs

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the staff of the Ridgewood blog

Trenton NJ, Employment levels in New Jersey increased in April as employers added 11,800 jobs to their payrolls, according to preliminary estimates produced by the U.S. Bureau of Labor Statistics. The April job gain was widespread across industries and represents the sixth monthly increase in the past seven months. The state’s unemployment rate fell by 0.2 percentage points over the month to 3.9 percent.

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Governor Should Focus on Growing Jobs, Not Weed

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the staff of the Ridgewood blog

Trenton NJ, In light of recent reports highlighting New Jersey’s continued economic decline, Senator Joe Pennacchio (R-26) today urged Governor Phil Murphy to stop pushing to legalize pot and start pushing for job creation.

Pennacchio’s call for action follows news that New Jersey lost 7,700 jobs in February, according to new data by the U.S. Bureau of Labor Statistics. New Jersey also lost at least 2,300 jobs in December of 2018 alone.

Additionally, this week the NJBIA released their 2019 Climate Analysis, which indicated that New Jersey continues to have the worst business climate, highest property taxes, highest sales tax, and highest income tax in the region.

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Job opportunities for young entrepreneurs

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the staff of the Ridgewood blog

Ridgewood NJ, If you’re young, and you have an entrepreneurial zeal, your single greatest asset is your age.What they fail to tell you in school is that being “older” doesn’t necessarily make you “better.” What it makes you is different.

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New Jersey Job Growth Remains Anemic At Best

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Ridgewood NJ, According to Garden State Initiative (GSI)  analysis of the newest jobs numbers released by the Bureau of Labor Statistics (BLS) today, New Jersey’s job growth for 2018 was much smaller than first reported.  Instead of the previously reported 61,900 new jobs added in 2018, there were actually only 39,400 new jobs added last year – a decline of 44%. (The Bureau of Labor Statistics revises jobs statistics on a monthly and annual basis to account for new data available and more in-depth analysis that is able to take place.)

The revised numbers from BLS mean that while New Jersey did still experience jobs growth for 2018, the actual growth was lower by 27,500 jobs than initially reported.  New Jersey’s labor force is still smaller than the average labor force size in 2006.

Some Key Findings of the GSI report :

  • New jobs in 2018 revised downward 44% – from 61,900 to 39,400
  • Labor force remains smaller than average labor force in 2006
  • Participation rate continues to trail national average
  • Unemployment ticked up .1 to 4.0%
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Responsible Tax Incentives Play a key role in an Economic Development Strategy

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the staff of the Ridgewood blog

Ridgewood NJ, Tax incentive programs are a key tool in New Jersey’s economic development strategy because they help to offset the impact of the state’s challenging business climate, and they need to be maintained if the state is going to continue to produce private-sector jobs, the New Jersey Business & Industry Association said today.

Andrew Musick, NJBIA vice president for Government Affairs, told legislators that the Garden State’s high tax rates put it at a competitive disadvantage in the region, as well as the nation. Without a robust incentive program to offset them, New Jersey would find it difficult to attract companies that provide quality employment opportunities for New Jersey residents.

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Jersey Shore community says that paying seasonal workers $15 per hour as minimum wage will hurt the town and drive up prices

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the staff of the Ridgewood blog

Toms River  NJ, News 12 New Jersey is reporting that the mayor of a Jersey Shore community says that paying seasonal workers $15 per hour as minimum wage will hurt the town and drive up prices.While New Jersey’s economically challenged Gov. Phil Murphy signed legislation earlier this year to increase the minimum wage to $15 per hour over the course of the next five years. The governor has said that a higher minimum wage will strengthen the middle class and give security to working families. The reality is middle class families try to send their kids to collage or  trade school  so they don’t have to work for minimum wage . The minimum wage is for starter jobs and part time jobs raising the bar eliminates those jobs , skills and work ethic that go along with them .

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Why Amazon Didn’t Choose NJ

Amazon Introduces New Tablet At News Conference In New York

The following editorial by Senator Robert Singer (R-30) on Amazon’s rejection of New Jersey’s proposal to host a new headquarters was published on Feb. 25, 2019 in the Asbury Park Press:

A whopping 238 cities across the United States sought to be the home of Amazon’s second headquarters, dubbed “HQ2.” Of all city applicants, Newark, New Jersey offered Amazon the largest tax benefits in the country. Regardless of being one of twenty cities to make the final cut, Newark was passed over by Amazon not once, but twice. It speaks volumes that a package of tax incentives totaling $7 billion could not entice Amazon to choose New Jersey.

Our state’s prime geographic location, diverse workforce, state-of-the-art infrastructure, convenient transportation, and best-in-the-nation schools should have made the Garden State an easy sell. The New Jersey Legislature’s successful bipartisan effort to top all other competing tax incentive offers nationwide should have made the Garden State an easy choice. The competition was fierce to court HQ2, and New Jersey was in play.

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