The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Trenton NJ, Senator Kristin Corrado (R-40) called for New Jersey Labor Commissioner Robert Asaro-Angelo to resign following his recent appearance before the Senate Labor Committee and two years after his department’s offices closed to the public:
Continue reading Pressure Mounts On New Jersey Labor Commissioner Robert Asaro-Angelo to Resign
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Trenton NJ, With the U.S. gaining 199,000 jobs in December, below the previous month’s 249,000 jobs, WalletHub today released updated rankings for the States Whose Unemployment Rates Are Bouncing Back Most, to illustrate which areas of the country have had the best recovery so far.
October ’21 NJ Jobs Report: Job Recovery Continues as Unemployment Falls Further Behind the Nation
State adds 20,000 jobs, remains 200,000 below pre-pandemic level
NJ’s 7.0% Unemployment Rate is 2.4% higher than U.S. average, which fell .2% to 4.6%
Despite recent gains, Leisure & Hospitality remain 20% below pre-pandemic
Workforce remains 140,700 smaller than February ‘20
Distinct differences in jobs recovery among NJ’s regions
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Morristown NJ, On November 18th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for October 2021. Dr. Charles Steindel, former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative:
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Ridgewood NJ, the labor force participation rate remains at or near an all-time low. The USA is more than four million jobs below where we were PRE-COVID A big part of the problem, is that government welfare programs are providing generous benefits that can match the financial rewards from working.
Continue reading Older workers who dropped out of the workforce when Covid hit have not come back
Dow Jones estimate for 500,000
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Washington DC, total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.
Continue reading September’s Jobs Report Big Miss, Payrolls Increasing by only 194,000
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Trenton NJ, Senator Kristin Corrado called on Governor Phil Murphy to reopen State government offices, including unemployment walk-in centers, immediately.
Continue reading New Jersey’s Unemployment Offices Need to Open Immediately
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Ridgewood NJ, almost 1 in 3 Americans worry about job security this Labor Day, the personal-finance website WalletHub found in its Labor Day Survey. This nationally-representative survey examines Americans’ Labor Day plans and how people have been impacted by the COVID-19 pandemic. Alongside this survey, WalletHub also released its Labor Day Fun Facts report to educate and entertain consumers with stats on all aspects of the holiday – from hotdogs and history to financials and 5Ks.
Continue reading Labor Day By the Numbers : Almost 1 in 3 Americans Worry About Job Security
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Trenton NJ, Preliminary estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased in July by 14,600, to reach a seasonally adjusted level of 3,954,100. This marks the seventh consecutive month of gains in the state’s total nonfarm job level.
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Washington DC, Total nonfarm payroll employment rose by 943,000 in July, and the unemployment rate declined by 0.5 percentage point to 5.4 percent, the U.S. Bureau of Labor Statistics
reported today. Notable job gains occurred in leisure and hospitality, in local government education, and in professional and business services.
Continue reading US Economy adds 943,000 Jobs in better-than-expected jobs report
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Trenton NJ, Senator Kristin Corrado today called on the Murphy Administration and Commissioner Robert Asaro-Angelo of the troubled New Jersey Department of Labor and Workforce Development to address systemic failings within the department after a scathing evaluation by University of Chicago researchers.
Continue reading Study Names NJ the Worst State to Get Help with Unemployment
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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.
Continue reading U.S. added 559,000 jobs in May, Misses 671,000 estimate
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Trenton NJ, Senator Anthony M. Bucco said Governor Phil Murphy’s continued mismanagement of New Jersey’s unemployment insurance system is hurting both workers and businesses that are struggling to recover.
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Ridgewood NJ, according to the US Census Bureau the COVID-19 pandemic caused a record job losses and transformed the nation’s employment landscape but recently released historical data tables put the magnitude of the economic disruption in clear context.
To get some prospective in 2017, for example, roughly 30 million adults experienced either an end of employment or a reduction in work hours, including both involuntary and voluntary job terminations. But only about 3.8 million collected Unemployment Insurance (UI), which is contingent on involuntary job termination, according to the Census Bureau’s Survey of Income and Program Participation (SIPP).
Continue reading COVID-19 Pandemic : Magnitude of the Economic Disruption Unparalleled
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Ridgewood NJ, The Federal Trade Commission (FTC) warned of threat actors sending phishing emails and text messages purporting to be from state workforce agency (SWA) websites. These emails contain links that, if clicked, direct users to spoofed unemployment benefit websites requesting users to enter personally identifiable information (PII) or other sensitive information. This data can be used to apply for unemployment benefits and/or commit identity theft.
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Trenton NJ, The New Jersey Department of Labor and Workforce Development has good news for all claimants about to reach the one-year mark since they filed for unemployment: They do not need to file a new claim.