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, 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.
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Trenton NJ, Senator Anthony M. Bucco expressed shock at Governor Phil Murphy’s suggestion at his press briefing that investing funds to fix the State’s broken unemployment system would be “throwing good money after bad. ”Sen. Tony Bucco expressed shock at Gov. Phil Murphy’s suggestion at his press briefing today that investing funds to fix the State’s broken unemployment system would be ‘throwing good money after bad.’
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River Vale NJ, New Jersey legislator controlled by the Democrats continues to do absolutely nothing when it comes to running the state or improving running the state . Assemblywomen Holly Schepisi some’s it all up in a Facebook post:
Continue reading New Jersey legislators Do Nothing as the State Falls Apart
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Ridgewood NJ, CBO analyzes the Raise the Wage Act of 2021 as introduced in the Senate on January 26, 2021. It would take effect on the first day of the third month after the date of enactment. If it was enacted at the end of March 2021, the minimum wage would increase by a set amount each year, starting in June 2021, until it reached $15 in June 2025.
Continue reading CBO : 1.4 million Workers Will Lose Jobs Due To Minimum Wage Hike
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Ridgewood NJ, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for December 2020. Dr. Charles Steindel, former Chief Economist of the State of New Jersey and current Resident Scholar, Anisfield School of Business at Ramapo College, analyzed the report for the Garden State Initiative:
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Trenton NJ, With the U.S. gaining 1.4 million jobs in August and the national unemployment rate at 8.4% compared to the nearly historic high of 14.7% at the peak of the coronavirus pandemic, WalletHub today released updated rankings for the States Whose August Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.
Continue reading New Jersey has the 9th Worst Unemployment Rate Recovery
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Trenton NJ, With the U.S. gaining 1.8 million jobs in July and the national unemployment rate at 10.2% compared to the nearly historic high of 14.7% at the peak of the coronavirus pandemic, WalletHub today released updated rankings for the States Whose July Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.
Continue reading New Jersey Has the 6th Worst Unemployment Rate Recovery
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Trenton NJ, With the U.S. gaining 4.8 million jobs in June and the national unemployment rate at 11.1% compared to the nearly historic high of 14.7% at the peak of the coronavirus pandemic, WalletHub today released updated rankings for the States Whose Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.
Continue reading New Jersey has the 2nd Worst Unemployment Rate Recovery
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Trenton NJ, According to reports over the weekend, the Murphy Administration continues to struggle with fulfilling the unemployment claims of suffering New Jersey residents. Legislators continue to grow frustrated with the lack of communication with Murphy’s staff at the Department of Labor.
Continue reading Murphy Administration continues to struggle with fulfilling the unemployment claims
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Ridgewood NJ, About 73.5 million Americans plan to look for a job that is more pandemic-proof, according to WalletHub’s nationally representative Coronavirus and the Future of the Economy Survey, released today.
Continue reading 73.5 Million Americans Plan to Look for a More Pandemic-Proof Job
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TRENTON NJ, The New Jersey Department of Labor and Workforce Development processed a record 1.1 million benefits certifications for the week ending Saturday, as the total amount of benefit payments surpassed $4.3 billion and nearly 90,000 claims were made newly eligible for federal Pandemic Unemployment Assistance (PUA).
The number of new applications for unemployment decreased to 34,410, the lowest weekly total since mid-March. Employees in casinos, retailers, food service contractors, restaurants, and airlines continue to be the hardest-hit industries.
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TRENTON NJ, The Department of the Treasury delivered a budget update to the Legislature today, providing a detailed revenue report that illustrates the devastating impact COVID-19 has had on New Jersey’s finances and laying out plans to close the looming gap for the remainder of the extended fiscal year through a series of deep cuts and spending deferrals.
A report on the financial condition of the State budget for both Fiscal Years 2020 and 2021 was required pursuant to the COVID-19 Fiscal Mitigation Act (P.L.2020, c.19), which extended the end of the state’s fiscal year from the traditional date of June 30 to September 30, and also extended various tax filing and payment deadlines from April 15 to July 15.
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Ridgewood NJ, the Murphy’s administration announced on Thursday policy changes that would allow New Jersey government workers to take voluntary furloughs to avert layoffs as state tax collections plummet.
Facing a $10 billion budget shortfall , the Governor has warned of “historic” layoffs of public workers at all levels of government if the state does not borrow big sums or receive more aid from the federal government.
Continue reading Murphy Administration Clears Furloughs for N.J. Public Employees
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TRENTON NJ, The negative impact of the Covid-19 pandemic on New Jersey’s economy resulted in a record number of monthly job losses and widespread unemployment in April. The mandatory shut down of business activities and stay at home orders to prevent the spread of the virus contributed to total nonfarm employment plummeting by 757,700 jobs in April, while the state’s unemployment rate soared to 15.3 percent, according to estimates released by the U.S. Bureau of Labor Statistics. Both the private (-750,100) and public (-7,600) sectors of the state’s economy recorded losses. The decrease in nonfarm payrolls and the increase in the unemployment rate both represent record-setting monthly shifts for the state.
Continue reading NJ Unemployment Rate Surges to 15.3 Percent
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TRENTON NJ, Nearly 70,000 new unemployment claims were filed in New Jersey last week, as the Labor Department processed another 262,000 weeks worth of federal Pandemic Unemployment Assistance (PUA), and saw total pandemic-related payments rise to $2.7 billion.
The number of initial claims filed since mid-March approached 1.1 million, with more than 725,000 actively collecting state and federal PUA benefits. Data shows workers in casinos, retail, food service, restaurants and airlines hit the hardest by the pandemic.
Continue reading New Jersey Unemployment Payments Reach $2.7B
