TRENTON — New Jersey’s unemployment rate fell two percentage points in February, even as the state recorded a loss of more than 10,000 private-sector jobs. The state also gained 1,600 public-sector jobs in February, bringing the total job losses to 8,600. But the February unemployment rate, 4.3 percent, is the lowest since pre-recession August 2007, according… Read the rest of this entry »Posted: March 25th, 2016 | Author: admin | Filed under: Monmouth County News, News | Tags: Employment, Monmouth County News, New Jersey Economy, Unemployment | Comments Off on N.J. lost thousands of jobs in February
I can’t go to a family gathering, out with friends, to a meeting with NJBIA members, or even to my local diner without hearing people talking about the cost of living in New Jersey and how they are planning their exit strategy. Marry these real-life discussions with the findings of our recent Business Outlook… Read the rest of this entry »Posted: March 1st, 2016 | Author: admin | Filed under: New Jersey | Tags: Michele Siekerka, New Jersey Business and Industry Association, New Jersey Economy, Outmigration | Comments Off on Op-Ed: We Must Take Steps to Reverse the Economic Impact of Outmigration
More New Jersey residents are in poverty now than in the past five decades and the outlook for the future is bleak in a state that boasts being one of the wealthiest in the nation, according to a report released Sunday. The findings in the study done for Legal Services of New Jersey paint a grim… Read the rest of this entry »Posted: November 15th, 2015 | Author: admin | Filed under: Economy, New Jersey | Tags: New Jersey, New Jersey Economy, Poverty | 2 Comments »
The share of “seriously underwater” properties in New Jersey declined from a year ago, according to a new report, but more than 240,000 homes still fell into that category in the third quarter of this year. Residents owed at least 25 percent over what what their home is worth on 13.8 percent of all residential properties… Read the rest of this entry »Posted: October 23rd, 2015 | Author: admin | Filed under: New Jersey | Tags: Monmouth County News, New Jersey Economy, Real Estate | Comments Off on More than 240K N.J. mortgages said to be ‘seriously underwater’
You can’t have everything you want (or need) in ALICE’S New Jersey
1.2 million New Jersey households, including 890,000 households with employed adults (28% of the states population) are not making ends meet, according to a report released by the United Way of Northern New Jersey.
The working poor are dubbed as Asset Limited, Income Constrained and Employed (ALICE) by the UWNNJ. These are families of four earning less than $62,000 and single adults earning less than $28,000…the income levels needed to provide housing, food, child care, health care and transportation in New Jersey according to the report.
The report says that 53% of all jobs in New Jersey pay less than $20 per hour or $40,000 per year.
71% of ALICE households are white. 31% are in the prime wage earning years of 45-64.
85% of New Jersey’s 560 towns have 20% of their population struggling to survive.
The study is based on data through 2012 and does not fully measure the impact that Superstorm Sandy had on New Jersey’s economy.Art Gallagher | Filed under: Economy, Monmouth County, New Jersey | Tags: ALICE report, Monmouth County, New Jersey, New Jersey Economy, United Way of Northern New Jersey, working poor | Comments Off on Report: 38% of New Jersey Households Are Not Meeting Basic Needs
Reeling from casino closures, Atlantic City boosters attempt to change resort’s sub-Vegas reputation
Unemployment rose slightly in New Jersey last month as the state lost about 1,300 jobs, according to preliminary data from the U.S. Bureau of Labor Statistics. The private sector shed 700 jobs, according to the report, and the public sector lost 600…
admin | Filed under: Economy, New Jersey | Tags: Jobs report, New Jersey Economy, Unemployment | Comments Off on Jobless rate rises in NJ as state lost 1,300 jobs in March