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Washington DC, total nonfarm payroll employment increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in government, health care, social assistance, and construction. Household Survey Data Both the unemployment rate, at 3.6 percent, and the number of unemployed persons, at 6.0 million, changed little in June.
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Continue reading BREAKING: US Economy Stages Robust Payroll Growth
file photo by Boyd Loving
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Ridgewood NJ, it’s no secret that in the past three years, the lure of remote working has never been stronger – and US individuals are increasingly turning to the gig economy and self-employment in order to achieve their re-shuffled priorities.
In 2020 alone, the gig economy grew by 33% (Forbes), and that rise of self-employment and budding entrepreneurialism continues to grow in 2023 – despite data showing that self-employed individuals earn considerably less on average.
The experts at Moneyzine.com just this month released a ground breaking survey that takes a deep dive into the job satisfaction, work/life balance, stress levels, and income of self-employed individuals and employed workers across the US.
Remote work and the gig economy has been an increasingly popular topic in the past few years as the aftermath from the pandemic left millions re-shuffling their priorities.
While the individuals that are self-employed in the US may be a small pool compared to the employed workforce (16.2 million vs 160.72 million), new research from Moneyzine.com has revealed that while self-employed workers earn, on average, less than employed workers across all states in the US – they also report far higher levels of job satisfaction, a better work/life balance, and less stress overall.
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Morristown NJ, On June 30th, the U.S. Bureau of Economic Analysis issued its report on the Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023, covering the months of January through March 2023. Dr. Charles Steindel, the former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative:
Continue reading New Jersey Q1 GDP and Personal Income Continue to Trail the Nation
file photo by Boyd Loving
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Ridgewood NJ, with Independence Day right around the corner and high inflation threatening Americans’ financial independence, the personal-finance website WalletHub today released its report on 2023’s Most Independent States.
Continue reading WalletHub Study: New Jersey is Among 2023’s 15 Most Independent States
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Trenton NJ, NJBIA today is testifying in support of legislation that would make New Jersey’s corporate tax policies more competitive with other states by changing the way global intangible low-taxed income (GILTI) and net operating losses (NOLs) are treated under state law.
Continue reading Time to Make New Jersey Corporate Taxes More Competitive
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Washington DC ,(8:37am) total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in professional and business services, government,
health care, construction, transportation and warehousing, and social assistance.
Continue reading Payrolls Rose 339,000 in May, Much Better than Expected
Wrongful termination is an emotionally and financially devastating experience. It can leave you feeling lost, confused, and unsure of how to move forward with your career. The good news is that there are steps you can take to protect yourself from wrongful termination, or at least mitigate the damage it does to your professional reputation. Here are six tips for dealing with wrongful termination in a way that will help you get back on track quickly and confidently – what rights employees have when facing wrongful termination, how to build a strong legal case against employers who wrongfully terminate their workers, strategies for preserving your financial security during this difficult time, and much more!
Continue reading How To Handle Wrongful Termination: 6 Useful Tips
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Washington DC,(8:34 AM) the Producer Price Index for final demand declined 0.5 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in February and increased 0.4 percent in January. (See table A.) On an unadjusted basis, the index for final demand advanced 2.7 percent for the 12 months ended in March.
Continue reading Producer Price Index Gives More Evidence of Cooling Inflation
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Trenton NJ, new unemployment claims decreased by 7.3% week-over-week on March 27 despite high inflation and the threat of a recession. To help add some context to these statistics, WalletHub just released updated rankings for the States Where Unemployment Claims Are Decreasing the Most.
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Washington DC, (8:30 am)total nonfarm payroll employment rose by 236,000 in March, and the unemployment rate changed little at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care. This news release presents statistics from two monthly surveys.
Continue reading Payroll Employment Rises by 236,000 in March; Unemployment Rate Unchanged at 3.5%
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Ridgewood NJ, a lot has been made of the current job market and how it compares to the Dotcom Bust and the financial crisis in 2008. The current downturn is far worse than in 2008 for new tech hires but not nearly as bad as in the Dotcom Bust. It is fundamentally different from the Dotcom Bust as many companies and venture capital firms still have a lot of money, they’re just not investing right now. While there is a current downturn in hiring, it appears that no one is panicking and many are crafting a plan for the next few years.
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Bayonne NJ , often referred to as , ‘Hollywood on the Kill van Kull’ 1888 Studios will be built on 70 acres at the former Texaco site in Bayonne.1888 Studios will make Bayonne home to the largest film and television studio in the state. The decision to build the studio originates from the long-time wish to give a new life to an empty and unused property near Bayonne Bridge, on the southwest edge of the city. The city’s leaders have settled to bring a taste of Hollywood-style movie charm to Bayonne.
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Ridgewood NJ, head to the Summer Job Fair, hosted by Ridgewood Parks and Recreation in partnership with Ridgewood High School DECA on Wednesday, March 8, 2023 in the Anne Zusy Youth Lounge, located in Village Hall, 131 N. Maple Avenue, from 6pm to 8pm. There are various positions available and you must be 16 years or older to apply.
By Assemblyman Christopher DePhillips
It’s the time of year when many people make New Year’s resolutions. Some people might go on a diet, or start working out. New Jersey needs to do both for the sake of our economy before it is too late.
