CVS will raise the minimum wage for its workers to $11 an hour beginning in April, matching a move made by Target in the fall and Walmart in January. Citing tax savings created by the Tax Cuts and Jobs Act, the company said it will also adjust pay ranges and rates for many retail pharmacy technicians,… Read the rest of this entry »Posted: February 11th, 2018 | Author: admin | Filed under: Donald Trump, Economy, News | Tags: CVS, CVS Pharmacy, Economy, MAGA, Minimum Wage, Trump tax cuts | 4 Comments »
Freeholder Director Tom Arnone and Freeholder Lillian Burry announced a boost to the Agribusiness sector of Monmouth County’s economy last week with the launch of a marketing campaign for farm products grown in the county.
Monmouth County farms and related business can sign up to use the new “Grown in Monmouth” logo which is the first part of county wide marketing strategy funded under a USDA Rural Business Enterprise Grant the county received last year to evaluate current trends and future opportunities to expand the local farming industry, and to develop a marketing strategy to promote and market agricultural products.Art Gallagher | Filed under: Lillian Burry, Monmouth County News, Tom Arnone | Tags: Agribusiness, Agriculture, Economy, Freeholder Director Tom Arnone, Freeholder Lillian Burry, Grown in Monmouth, Monmouth County News, New Jersey | Comments Off on Freeholders Launch “Grown in Monmouth” Marketing Campaign
TRENTON — A new study cast doubts on whether New Jersey can withstand another economic downturn. It’s the second such study this year to find that the state, which has lagged behind the rest of the nation in recovering from the Great Recession, is particularly vulnerable and unprepared for yet another. New Jersey is among 10… Read the rest of this entry »Posted: August 14th, 2016 | Author: admin | Filed under: Economy, New Jersey State Budget | Tags: Economy, NJ Budget, NJ Economy, Standard and Poors | Comments Off on N.J. could be in big trouble if another recession hit
First and foremost, when it comes to today’s employment report, I can sum up my opinion by saying this.
It makes no economic sense to have such strong back-to-back employment reports given how overall weak other economic factors have clearly been of late. Either many of these other economic factors were grossly off base, or the employment numbers have been nicely goosed. For the record, I go with the latter (but we won’t know until way after the election and by then, the goose shall surely been cooked).
The announcement this week that Sports Authority will close all its stores nationwide sent another jolt through the commercial real estate industry. The nationwide retailer had originally released a smaller list of stores that it planned to close, but on Monday announced it would liquidate its holdings at auction May 16 and close all 140 stores… Read the rest of this entry »Posted: May 3rd, 2016 | Author: admin | Filed under: Monmouth County News | Tags: business, Economy, Monmouth County News, Sports Authority | Comments Off on Empty boxes: A list of the 20 N.J. towns where a Sports Authority will close
Goldman Sachs has agreed to pay more than $5 billion to settle charges it sold mortgages it knew were likely to fail during the housing bubble heydays of 2005-2007, the U.S. Justice Department announced today. Of that settlement, $1.8 billion has been set aside to help consumers harmed by the practice – with most of it… Read the rest of this entry »Posted: April 11th, 2016 | Author: admin | Filed under: Economy | Tags: Economy, Goldman Sachs, Mortgage scams | Comments Off on Goldman Sachs to pay $5 billion for its role in housing bubble
544 layoffs in Monmouth County from 7 A&P/Pathmark stores
MONTVALE –More than 8,500 employees at A&P supermarkets across New Jersey will be out of the job by Thanksgiving, according to filings with the state Department of Labor. The latest round of filings bring the total number of potential layoffs to more than 9,400, for the Great Atlantic and Pacific Tea Company, which operates under the… Read the rest of this entry »Posted: August 24th, 2015 | Author: admin | Filed under: Monmouth County News | Tags: AP, Economy, Monmouth County News, Pathmark | Comments Off on A&P supermarkets Thanksgiving Day layoff list grows to 8,500 jobs at 93 stores
Nearly half of the homes sold in New Jersey in May went to buyers who paid all cash, according to a new report, giving the state the largest share of those types of purchases in the country. The report released on Thursday morning by the Irvine, Calif-based housing research firm RealtyTrac shows 48 percent of single-family… Read the rest of this entry »Posted: July 2nd, 2015 | Author: admin | Filed under: Economy, New Jersey | Tags: Cash, Economy, New Jersey, NJ, Real Estate | 2 Comments »