N.J.’s economic growth ranks near bottom in U.S.

assetContent (2)Economic activity in New Jersey ticked up only slightly in 2014, new federal data released on Wednesday morning shows, and the state’s growth ranked near the bottom nationwide. The gross domestic product in nearly every state increased in 2014, with New Jersey posting an uptick of 0.4 percent, according to the Bureau of Economic Analysis. That’s… Read the rest of this entry »

Posted: June 11th, 2015 | Author: | Filed under: Economy, New Jersey | Tags: , | Comments Off on N.J.’s economic growth ranks near bottom in U.S.

3 things to expect from Christie’s national economic plan today

Photo by Paul Scharff

Photo by Paul Scharff

MANCHESTER — Gov. Chris Christie will deliver his second policy speech here in the lead up to a likely 2016 presidential campaign. The governor is scheduled to layout his plan for economic growth in the country during a speech at the University of New Hampshire at Manchester. The speech will come after Christie penned an op-ed… Read the rest of this entry »

Posted: May 12th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Economy | Tags: , , , | Comments Off on 3 things to expect from Christie’s national economic plan today

Senate president: Come home, Chris Christie. N.J. needs you

IMG_3507TRENTON — Senate President Stephen Sweeney has a message for Gov. Chris Christie: Log off Twitter, come home and work to fix the state’s economy. “He actually needs to be back here meeting with the legislative leadership. He needs to be back here with a plan on what we’re going to do to fix this place,”… Read the rest of this entry »

Posted: April 28th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Economy, New Jersey, New Jersey State Budget, NJ State Legislature, Stephen Sweeney | Tags: , , , , | 1 Comment »

N.J. credit rating cut record ninth time as Moody’s cites pension shortfall

IMG_5189TRENTON — Moody’s Investors Service has downgraded New Jersey’s debt rating, dealing the Garden State its record ninth ratings cut since Gov. Chris Christie took office. The ratings drop by one notch, from A1 to A2, on $32.2 billion worth of bonds underscores the state’s “weak financial position and large structural imbalance, primarily related to continued… Read the rest of this entry »

Posted: April 17th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Economy, Moodys, New Jersey State Budget | Tags: , , , , , | 1 Comment »

Thousands of jobs lost in N.J. in March, including losses in the trades

assetContent (73)New Jersey shed 6,400 jobs in March, according to new federal data, with the biggest losses posted in trade, transportation and utilities and professional and business services. The state’s unemployment rate ticked up last month as well, increasing to 6.5 percent, the preliminary data released by the state labor department on Thursday shows. That’s up from… Read the rest of this entry »

Posted: April 16th, 2015 | Author: | Filed under: Economy, New Jersey | Tags: , , | Comments Off on Thousands of jobs lost in N.J. in March, including losses in the trades

Forever unemployed: Why N.J.’s long-term jobless rate remains among highest in U.S.

17417223-mmmainAlain Chahine lost his job two years ago. Since then, he said, he has completed more than 600 applications and sent 200 messages to his network looking for leads. Those efforts produced 18 interviews in 2013, 35 more in 2014 and 12 so far this year, Chahine said. But the number of full-time job offers to… Read the rest of this entry »

Posted: April 6th, 2015 | Author: | Filed under: Economy, New Jersey | Tags: , , , , | Comments Off on Forever unemployed: Why N.J.’s long-term jobless rate remains among highest in U.S.

Demand pushing Jersey Shore rental prices higher as peak weeks sell out

assetContentBeachgoers hoping to spend a week at Gary Hunsinger’s home on Philadelphia Avenue in Lavallette this summer are out of luck: the Jersey Shore property advertised online as just 100 yards from the beach has been booked solid from the first Saturday in June through the end of August. Hunsinger, of Westfield, said he had 10… Read the rest of this entry »

Posted: March 27th, 2015 | Author: | Filed under: Economy, Jersey Shore, Monmouth County | Tags: , , , , , , | Comments Off on Demand pushing Jersey Shore rental prices higher as peak weeks sell out

Christie tells N.J. business leaders he will work to make state more affordable

WASHINGTON — Gov. Chris Christie drew a fresh line against raising new taxes in a speech tonight to New Jersey’s business community. “As long as I’m here, we’re not going to make the state less affordable,” Christie said in delivering the keynote address at the 78th annual New Jersey Chamber of Commerce congressional dinner, part of… Read the rest of this entry »

Posted: February 19th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Christie Administration, Economy, New Jersey, New Jersey State Budget, News | Tags: , , , , , , | 3 Comments »

Mercedes USA leaving New Jersey for Atlanta; 1,000 workers affected

Georgia-Welcome-Sign-550x412MONTVALE, N.J. — In the latest in a string of corporate departures from northern New Jersey, Mercedes-Benz USA Tuesday confirmed rumors that after 43 years here, it is moving its headquarters to Atlanta to achieve the “profitable growth and efficiencies we require for the decades ahead.” Mercedes-Benz USA CEO Stephen Cannon said in a statement that… Read the rest of this entry »
Posted: January 7th, 2015 | Author: | Filed under: Economy, New Jersey, News | Tags: , , | 1 Comment »

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

money-500x250This story was co-published with Marketplace. When the economy nosedived in 2008, it didn’t take long to find the crucial trigger. Wall Street banks had peddled billions of dollars in toxic securities after packing them with subprime mortgages that were sure to default. Behind the bankers’ actions, however, stood a less-visible part of the finance industry… Read the rest of this entry »
Posted: December 24th, 2014 | Author: | Filed under: Economy | Tags: , , , , , , , , , , | Comments Off on Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds