Washington DC, the Justice Department filed a lawsuit today against Space Exploration Technologies Corporation (SpaceX) for discriminating against asylees and refugees in hiring. The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status, in violation of the Immigration and Nationality Act (INA).
Ridgewood NJ, the Ridgewood Public Library made two important announcements . First the Children’s Department is closed for renovation from August 7th to August 16th for renovation and the Library is currently hiring two part time library assistant positions .
NJBIA President & CEO Michele Siekerka issued the following statement regarding prescription drug relief legislation signed into law by Gov. Phil Murphy .
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.
Ridgewood NJ, ADP says Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.
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.
Q1 real GDP growth at a 1.0% annual rate, half the US average of 2.0%
Personal income grew 5.8% fueled by a spurt in transfer payments, not growth of earnings.
the staff of the Ridgewood blog
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:
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.
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.
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.
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!
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.
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.
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.
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.
