CVS raises minimum wage for workers to $11, credits Trump tax cuts

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: | Filed under: Donald Trump, Economy, News | Tags: , , , , , | 4 Comments »

Freeholders Launch “Grown in Monmouth” Marketing Campaign

grown-in-monmouth_webFreeholder 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.

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Posted: September 21st, 2016 | Author: | Filed under: Lillian Burry, Monmouth County News, Tom Arnone | Tags: , , , , , , , | Comments Off on Freeholders Launch “Grown in Monmouth” Marketing Campaign

N.J. could be in big trouble if another recession hit

assetContentTRENTON — 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: | Filed under: Economy, New Jersey State Budget | Tags: , , , | Comments Off on N.J. could be in big trouble if another recession hit

Observations from a Former Soothsayer

crysKeeping in mind yours truly is out of the predictions racket and these are merely “observations”, I give you my latest thoughts:

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).

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Posted: August 5th, 2016 | Author: | Filed under: Opinion | Tags: , , , , | Comments Off on Observations from a Former Soothsayer

Empty boxes: A list of the 20 N.J. towns where a Sports Authority will close

 Sports Authority stores in Hazlet, Manalapan and West Long Branch are slated to close

assetContent (9)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: | Filed under: Monmouth County News | Tags: , , , | Comments Off on Empty boxes: A list of the 20 N.J. towns where a Sports Authority will close

Goldman Sachs to pay $5 billion for its role in housing bubble

assetContentGoldman 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: | Filed under: Economy | Tags: , , | Comments Off on Goldman Sachs to pay $5 billion for its role in housing bubble

A&P supermarkets Thanksgiving Day layoff list grows to 8,500 jobs at 93 stores

544 layoffs in Monmouth County from 7 A&P/Pathmark stores

 

assetContent (59)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: | Filed under: Monmouth County News | Tags: , , , | Comments Off on A&P supermarkets Thanksgiving Day layoff list grows to 8,500 jobs at 93 stores

N.J. leads nation in all-cash home purchases, report finds

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: | Filed under: Economy, New Jersey | Tags: , , , , | 2 Comments »

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.

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.