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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.

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 »

N.J.’s income gap has widened significantly since 2000, report shows

assetContent (5)TRENTON — The income gap between New Jersey’s wealthiest residents and all other groups has widened significantly since the turn of the century, and grew worse after the recent Great Recession lifted, according to a new report. Only the top 20 percent of households in the state has seen their average income increase since the recession… Read the rest of this entry »
Posted: December 21st, 2014 | Author: | Filed under: Economy, New Jersey | Tags: , , , | Comments Off on N.J.’s income gap has widened significantly since 2000, report shows

N.J. revenue growth lags behind Christie projections

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State Treasurer Andrew Sidamon-Eristoff testifies before Assembly Budget Committee on Governor Christie’s announcement yesterday to grab $2.43 billion meant for the pension system to balance the state budget. Trenton, NJ 5/21/14 (Tony Kurdzuk/The Star-Ledger)

TRENTON — New Jersey’s revenue, which last month was on track to meet Gov. Chris Christie’s forecasts, has fallen behind the 5.2 percent growth rate built into this year’s budget, according to a new report released today. After November tax collections fell behind the governor’s expectations in a number of areas, the growth rate through the… Read the rest of this entry »

Posted: December 12th, 2014 | Author: | Filed under: Chick-fil-A, Christie Administration, Economy, New Jersey State Budget | Tags: , , , | Comments Off on N.J. revenue growth lags behind Christie projections

Opinion: For Gov. Chris Christie, October’s Been the Cruelest Month


repost-us-image-13906378Carl Golden In his 1922 epic poem “The Waste Land,” English poet, essayist, and playwright T. S. Eliot opened with the line “April is the cruelest month … ” For Gov. Christie, though, it’s October. This October. Consider: + For the first time in four years, more poll respondents hold an unfavorable view of him, 45… Read the rest of this entry »
Posted: October 21st, 2014 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Christie Administration, New Jersey, New Jersey State Budget, Opinion | Tags: , , , , , | 2 Comments »

Guadagno Visit to TechLaunch Sparks Small Business Week Enthusiasm

Guadagno Visit to TechLaunch Sparks Small Business Week Enthusiasm (via NJ Tech Weekly)

New Jersey Lt. Gov. Kim Guadagno visited the TechLaunch (Clifton) accelerator on May 6, 2014, bringing her own special brand of excitement and marketing know-how to the young companies participating in the 16-week boot camp program. She dropped by TechLaunch…

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Posted: May 19th, 2014 | Author: | Filed under: Christie Administration, Economy, Kim Guadagno | Tags: , , , , | Comments Off on Guadagno Visit to TechLaunch Sparks Small Business Week Enthusiasm

NJ budget suffers another setback with $600M hole in April

NJ budget suffers another setback with $600M hole in April (via NJ.com)

TRENTON — New Jersey’s budget will take a big hit in April to the tune of $600 million, state officials announced today, warning that one of the best months for tax collections has been seriously behind Gov. Chris Christie’s expectations. The…

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Posted: April 29th, 2014 | Author: | Filed under: Chris Christie, Economy, New Jersey State Budget | Tags: , , | 4 Comments »

NJ budget won’t get much help from state economy, expert warns

NJ budget won’t get much help from state economy, expert warns (via NJ.com)

TRENTON — New Jersey is in for another year of lackluster economic growth, and the new spending plan Gov. Chris Christie is proposing widens the shortfall in the state budget to $526 million by summer 2015, the state Legislature’s top financial…

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Posted: April 2nd, 2014 | Author: | Filed under: Economy, New Jersey State Budget | Tags: , | Comments Off on NJ budget won’t get much help from state economy, expert warns

Tax revenues indicate that New Jersey’s economy is on the upswing

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New Jersey’s tax revenues exceeded projections for the seventh consecutive month and income tax collections were the highest ever in June, even without a “millionaires tax.”

The Treasury Department announced yesterday, that income tax collections in fiscal 2013 were 12.4% higher that in fiscal 2012 (the fiscal year ends on June 30) and sale tax collections increased 3.7%.

The State’s fiscal 2013 revenue collections through June totaled $25.6 billion, $1.58 billion higher than in fiscal 2012.

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Posted: July 26th, 2013 | Author: | Filed under: Declan O'Scanlon, Economy, New Jersey, New Jersey State Budget | Tags: , , , , , | 1 Comment »