The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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In January, the US economy saw the addition of 353,000 nonfarm jobs, surpassing economist predictions of 185,000 jobs and showing an increase from the revised 333,000 jobs reported in December, according to recently released government data. The unemployment rate remained stable at 3.7% for the third consecutive month .
Continue reading The US economy added 353,000 nonfarm jobs in January
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Ridgewood NJ, on Friday U.S. Bureau of Labor Statistics reported that the US economy added 187,000 jobs in July, below economist estimates of 200,000 and slightly above the downwardly revised 185,000 jobs in June. The unemployment rate dropped to 3.5%, from 3.6% in June and 3.7% in May. Average hourly earnings grew 0.4% month-over-month and 4.4% year-over-year, matching June. The number continue to suggests the “Goldilocks scenario” of a not-too-cold, not-too-hot sweet spot of sustainable growth
Continue reading Economic Data Continues to Suggest the “Goldilocks scenario”
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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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Washington DC, The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication that it is nearing the end of this hiking cycle.
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Washington DC, (12/02/22 8:33am) total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.
file photo by Boyd Loving
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Washington NJ, The Federal Reserve’s latest interest rate hike Wednesday of 0.75 percent is expected to intensify pressure on the housing market while pushing up mortgage rates that already have reached nearly 20-year highs. Its also the fourth consecutive 0.75 percentage point increase and the sixth consecutive one this year for the Fed, a cycle not seen since the inflation-fighting days of the early 1980s.
Continue reading The Federal Reserve Hikes Rates For the Sixth Time
file photo by Boyd Loving
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Ridgewood NJ, with 87% of Americans feeling “anxious” or “very anxious” about inflation, the personal-finance website WalletHub today released its report on 2022’s Happiest States in America, as well as accompanying videos and expert commentary.
Continue reading New WalletHub Study : New Jersey Is 2022’s 5th Happiest State in America
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Washington DC, total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined.
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Washington DC, total nonfarm payroll employment rose by 431,000 in March, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains continued in leisure and hospitality, professional and business services, retail trade, and manufacturing. Household Survey Data The unemployment rate declined by 0.2 percentage point to 3.6 percent in March, and the number of unemployed persons decreased by 318,000 to 6.0 million.
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Washington DC, total nonfarm payroll employment rose by 678,000 in February, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, health care, and construction.
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Washington DC, total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.
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Washington NJ, total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent, the U.S. Bureau of Labor Statistics
reported today. Job growth was widespread, with notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and in
transportation and warehousing. Employment in public education declined over the month.
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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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Trenton NJ, With the U.S. gaining 916,000 jobs in February and the national unemployment rate at 6% compared to the nearly historic high of 14.7% at the peak during 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 Come on Man , New Jersey Has the 7th Worst Unemployment Rate Recovery
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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:
