8:30 a.m. (ET) Friday, July 5, 2024
the staff of the Ridgewood blog
Ridgewood NJ, total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
Continue reading Government Jobs Lead Job Growth while Unemployment Ticks Up Slightly
the staff of the Ridgewood blog
Ridgewood NJ, in a world where technology continuously evolves, AI is now posing a significant threat to the online freelance job market. Freelancers who have relied on their skills for years are finding themselves competing with advanced AI tools that can do their jobs for free.
the staff of the Ridgewwood blog
Hoboken NJ, Walmart, the nation’s largest private sector employer, is making significant changes to its corporate structure. The retail giant has announced layoffs and a return-to-office (RTO) mandate, impacting its New Jersey operations. Public filings reveal that Walmart is laying off 237 corporate workers starting August 14, 2024, as part of a broader restructuring effort.
the staff of the Ridgewood blog
Ridgewood NJ, while dating apps and social media have revolutionized how we find love, traditional methods of meeting partners – weddings, bars, and chance encounters at coffee shops – are still common. The workplace, however, occupies an ambiguous space in the dating landscape. With the shift to remote work in recent years, office romances became less visible, but as companies usher employees back to the office, these romances will likely experience a resurgence.
Continue reading Almost Half of New Jerseyans Say Ban Office Romances in 2024
Going back to school to hone in on certain functional skills is a great idea for those who feel stuck in their careers. Functional skills courses are flexible and often remote, so you don’t have to uproot your whole life and move somewhere new to start school again. Read below to see some reasons why functional skills courses elevate your job prospects instantly. You might also consider business career training to enhance your qualifications and open up new professional opportunities.
Continue reading How Functional Skills Courses Elevate Your Job Prospects Instantly
the staff of the Ridgewood blog
New York NY, New York City Mayor Eric Adams has suggested an innovative solution to the city’s ongoing lifeguard shortage: hiring (illegal)immigrants. “They’re excellent swimmers,” he stated during a City Hall briefing on Tuesday.
Continue reading Mayor Eric Adams Proposes Illegal Immigrants as Solution to NYC Lifeguard Shortage
Expanding your workforce beyond geographical boundaries offers a competitive edge, but it also introduces a complex web of legal, tax, and HR compliance challenges. This is where an Employer of Record (EOR) becomes an indispensable partner for businesses aiming to streamline their hiring processes. An EOR enables companies to legally employ staff in new territories without the need to establish a local entity, handling all compliance, payroll, and HR responsibilities. This blog post will explore how leveraging an Employer of Record can simplify the intricacies of hiring and managing a global workforce, allowing businesses to focus on their core operations and growth strategies.
Continue reading How an Employer of Record Can Help You Streamline Hiring Processes
the staff of the Ridgewood blog
Jersey City NJ, a new report released today by Regional Plan Association (RPA) finds that the Hudson Tunnel Project (HTP) will generate $19.6 billion in economic activity and create approximately 95,000 jobs during its construction – an increase of 20,000 jobs over previous estimates.
the staff of the Ridgewood blog
Ridgewood NJ, NFIB’s monthly jobs report shows a general slowdown in employment activity for small businesses in March, with a seasonally adjusted net 11% planning to create new jobs in the next three months, down one point from February and the lowest level since May 2020.
Continue reading New Jersey Small-business Hiring Slows to Pre-Pandemic Levels
the staff of the Ridgewood blog
Ridgewood NJ, on Friday, concerns about a potential bubble on Wall Street seemed to dissipate amid a robust US jobs report, which bolstered investors’ confidence in America’s ongoing economic strength. Despite any lingering concerns about delayed rate cuts, the blowout report overshadowed them. In March, US payrolls surged by 303,000, surpassing all expectations. Additionally, the unemployment rate dipped to 3.8%, wages exhibited solid growth, and workforce participation saw an uptick, reaffirming the resilience of the labor market, which continues to drive the economy forward. As a result, all major groups in the S&P 500 experienced gains.
the staff of the Ridgewood blog
Trenton NJ, a collection of more than 100 business, labor and nonprofit groups have sent a letter to all members the New Jersey Legislature urging them to oppose Gov. Phil Murphy’s proposed $1-billion-plus business tax increase on business in the FY25 State Budget.
Continue reading New Jersey’s Economic Competitiveness Goes From Bad to Worse
the staff of the Ridgewood blog
Washington DC, on Wednesday, the Federal Reserve opted to maintain interest rates at their current levels and kept its projection unchanged, indicating the potential need for three rate cuts in 2024.
By Scott Goldstein, Communications Manager, N.J. Chamber of Commerce
Trenton NJ, New Jersey Chamber of Commerce President and CEO Tom Bracken, delivering testimony this morning in front of the Assembly Budget Committee, said the proposed $56 billion state budget would inflict damage on New Jersey’s economy and its reputation as an improving destination to run a business. Bracken primarily took aim at what he called a “punitive and egregious” 2.5% Corporation Business Tax hike on the state’s biggest employers.
the staff of the Ridgewood blog
Trenton NJ, with Gov. Phil Murphy and some lawmakers continuing to advance policies that will harm New Jersey businesses of all sizes, NJBIA is launching a Do Better for Business awareness video campaign to hold them accountable and to bring more concise visibility to anti-business policies that require change.
