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IMF Global Financial Stability Report warns Covid-19’s lingering impact is fading investor optimism

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the staff of the Ridgewood blog

Washington DC, the IMF is warning in its latest Global Financial Stability Report that Covid-19’s lingering impact is fading optimism among investors, which could lead to financial tightening in the medium term, Tuesday (October 12).

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I Quit : The “Great Resignation” Shows No Sign of Ending Any Time Soon

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the staff of the Ridgewood blog

Ridgewood NJ, the September jobs report came in well below expectation with payrolls only  increasing by only 194,000 . Currently close to three-quarters of workers are actively thinking about quitting their job, according to a survey by job search site Joblist. The job site just released its third quarter report about the state of the US labor market, surveying over 26,000 respondents about things like how tough they feel the job market is, whether they have already quit, and their reasons behind quitting their jobs. One survey in particular included asking about 3,000 respondents if they’re actively thinking about leaving their job.

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UPDATE: Westwood and Other Pascack Valley Towns Seek to Understand the Impact of the Pandemic on Local Economies

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Westwood NJ, the Covid-19 pandemic caused an enormous shift in work habits for residents of the Pascack Valley. In order to understand the ramifications on local economies, the following survey was designed by Westwood to be shared with residents, employees, and business owners throughout the Pascack Valley.

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New Data from the Bureau of Labor Statistics: The “Commute is Dead”

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the staff of the Ridgewood blog

Ridgewood NJ, The Bureau of Labor Statistics’ recently released results from the American Time Use Survey new data verified what many have already experienced, the “commute is dead” and “remote work is hear to stay”.

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NY Attempting to Claim Oversize Portion of $14.2 Billion in Federal Transportation Aid at NJ’s Expense

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Why Won’t Murphy, Booker & Menendez Fight for NJ Taxpayers?

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Ridgewood NJ, With billions of federal transportation aid at stake, State Senator Steven Oroho expressed serious concern that Governor Phil Murphy, Senator Bob Menendez, and Senator Cory Booker aren’t doing anything to stand up for New Jersey in the latest attempted money grab by New York.

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Fairleigh Dickinson University Poll: A Quarter of NJ Workers Never Going Back to the Office

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the staff of the Ridgewood blog

Ridgewood NJ, Half of New Jersey workers started working from home during the pandemic, and many of them don’t think that they’ll ever be going back to their workplace full time, according to the latest results from the FDU Poll’s survey of New Jersey voters. Even though most New Jersey adults are now vaccinated against COVID-19, only 27 percent of workers who started working from home say that they’ve started going back to the office full time, and 26 percent of those now working from home don’t think that they’ll ever be back in their workplace. This represents an enormous shift in work habits, and one that has ramifications for mass transit, and the economies of the states surrounding New Jersey. Republicans and Democrats also have very different experiences of the pandemic, and Republicans are much more likely than Democrats to want to go back to the pre-pandemic workplace experience.

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U.S. added 559,000 jobs in May, Misses 671,000 estimate

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Washington DC, Total nonfarm payroll employment rose by 559,000 in May, and the unemployment rate declined by 0.3 percentage point to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in public and private education, and in health care and social assistance.

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Time for Governor Murphy to Stop Rolling Over for New York in Interstate Tax Fight

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the staff of the Ridgewood blog

Trenton NJ, Senator Steven Oroho (R-24) called for Governor Phil Murphy to stop giving in without a fight to New York tax officials who are stepping up enforcement to claim income tax payments they don’t deserve from New Jersey residents.

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Study: New Jersey Is the 7th Best State for Working from Home

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the staff of the Ridgewood blog

Ridgewood NJ, with 71% of people whose jobs can be done remotely working from home all or most of the time during the COVID-19 pandemic, the personal-finance website WalletHub today released its report on the Best States for Working from Home, as well as accompanying videos, in order to highlight which areas are thriving and which are struggling in this pandemic economy.

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U.S. Census Bureau : Those who worked remotely have higher income, education and better health

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Ridgewood NJ, according to the U.S. Census Bureau more than a third of U.S. households reported working from home more frequently than before the pandemic, but the percentage who made the switch varied widely across sociodemographic groups.

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Four States Out of Seven State in the Northeast Have the Highest Outbound Migration

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the staff of the Ridgewood blog

Ridgewood NJ, two surveys from home listing provider Redfin, found that of their more than 1 million users, 27% searched for homes outside densely populated urban areas between April and May of 2020, the highest since they had begun recording migration data. This shift is being driven by several ongoing factors, the most recent being the pandemic, which eliminated many benefits of working in a global financial hub.(1) Additionally, 50% of Redfin’s users living in New York, Seattle, Boston, and San Francisco would be willing to relocate if they had the option of working from home permanently.(2) Especially attractive is Florida for its warmer weather, greater array of outdoor activities such as golf, and the lower taxes.(3) With the sudden surge in demand for these properties, even buyers who are acting quickly are getting into bidding wars.

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Google’s New Career Certificates Could Disrupt the Educational Process

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the staff of the Ridgewood blog

Ridgewood NJ, Google has opened up enrollment for its latest career certificate programs and announced new tools and resources for job seekers. And guess what , no college degree necessary.

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How To Land High-Paying Jobs You Can Do At Home

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Want to work, but hate most working environments? There are so many options out there, it’s up to you to choose one, working at home isn’t just for students and freelancers, you can manage to find a full-time job that can pay your bills – without having to leave the house!

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New Jersey Challenges New York State Law that Directly Taxes the Income of Out-of-State Residents Working from Home

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the staff of the Ridgewood blog

Ridgewood NJ, Acting to protect its residents from unfair and costly “double taxation,” New Jersey today filed a U.S. Supreme Court amicus brief in a case challenging the right of states to levy an income tax directly on non-residents for income they earned while working from home in their states of residence.

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Leaf Blower Noise Driving Ridgewood Residents Crazy

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the staff of the Ridgewood blog

Ridgewood NJ, its been a less contentious leaf season so far this season but with so resident working from home the constant sound of leaf blower is driving residents crazy .  COVID19  has pushed many into a remote work environment  and remote learning environment .  This often means neighbors are hearing the sweet sound of power tools for the very first time .  Many have expressed frustration and the inability to enjoy the outdoors .

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