NJ labor market tanks in July

From the Record:

New Jersey’s economic picture darkened further in July as the state lost 13,600 jobs and revised figures showed that the job loss for June was even worse than previously reported.

The state lost 12,300 private sector jobs and 1,300 government jobs in July, according to the monthly employment report by the New Jersey Department of Labor and Workforce Development.

The report also revised the June figures downwards, changing the previously announced loss of 7,400 jobs to one of 12,500. The state has now lost 26,100 jobs in two months, reversing most of the gains in the early part of the year. The state has now added just 3,700 jobs in 2015.

The one bright spot was the unemployment rate, which fell from 6.1 percent to 5.9 percent, although that was largely driven by people leaving the workforce, rather than finding jobs, the figures show.

The biggest July losses came in the leisure and hospitality sector, which lost 7,400 jobs, and the professional and business services sector, which lost 5,200 jobs. The financial activities sector lost 2,700 jobs.

The biggest gain came in the trade, transportation and utilities sector, which added 4,300 jobs, and the education and health services sector, which added 300 jobs.

This entry was posted in Demographics, Economics, Employment, National Real Estate. Bookmark the permalink.

29 Responses to NJ labor market tanks in July

  1. grim says:

    If Christie is invited to the next debate, he’s going to be absolutely skewered on this – and rightfully so.

  2. chi says:

    Dick. WTF with cheating on the FRIST?

  3. Ben says:

    I’m trying to recall another story a few years ago where a town (maybe Dover?) was in the news for buying a car for someone appointed to it’s newly created position of Emergency Coordinator or something. And the guy lived like 80 miles away from Dover; was a retired double-dipping cop as well.

    Supers do it all the time. It’s actually quite offensive. Someone getting paid 220k a year having a 50k car to commute a few towns over.

  4. Anon E. Moose says:

    Grim [82, prev thread];

    Who in their right mind would enter any working email address into a site like that? One way express ticket to 10 million spam lists and climbing.

  5. joyce says:

    This
    http://www.nj.com/morris/index.ssf/2015/03/as_safety_director_leaves_controversial_90k_job_do.html

    and it was 150 miles

    Dover has a Police Chief, OEM Manager, and Safety Director.

    (clap, clap)
    Leave a Reply

    Your email address

  6. Libturd in the City says:

    I thought the same thing Moose, which is why I only entered yours. Good news by the way. Your clean.

  7. Alex says:

    New Jersey losing 13,600 jobs last month is devastating.

    This is what happens when you over tax and regulate.

    Pumpty, what part of this doesn’t make sense to you?

  8. Libturd in the City says:

    You’re!

  9. Blumpkin says:

    “New Jersey losing 13,600 jobs last month is devastating.”

    You got to pay for wage growth somehow!

  10. D says:

    It is very difficult for school superintendents to get cars, etc. anymore. All contracts are reviewed at the county level now. Used to be they were done locally. However, towns are not monitored the same way school districts are.

  11. Essex says:

    Lovely day for a selloff.

  12. Ottoman says:

    So you’re saying that when New Jersey added 30,000 jobs during the first 5 months of the year taxes and regulations were lower? Because you’re making that correlation.

    Of course we now see what $5 billion of tax cuts and incentives to businesses in NJ since 2010 have done to create jobs. Trickle down is nothing more than wealth distribution from the poor and middle class to the wealthy–but anyone with a brain knows that.

    “Alex says:
    August 20, 2015 at 2:37 pm
    New Jersey losing 13,600 jobs last month is devastating.

    This is what happens when you over tax and regulate.

    Pumpty, what part of this doesn’t make sense to you?”

  13. walking bye says:

    Greetings from Myrtal beach. I was surprised to see so many Jersey and new York plates in our development. A large desk contingent as well this year. I feel right at home here including the bill at $600 a night

  14. walking bye says:

    A large desi contingent

  15. Libturd at home says:

    How did the tax breaks that Corzine offered to businesses do?

  16. Libturd at home says:

    “Since taking office, the governor reduced business taxes by nearly $500 million and infused $260 million to the UI [Unemployment Insurance] Trust Fund to avert triggering an employer tax increase,” Corrales said.

    In November, Corzine signed into law a bill to reduce corporate taxes by allowing businesses to offset gains by carrying forward losses for 20 years instead of seven years. The bill brings New Jersey into line with tax codes for the federal government and some other states.

    The law will not affect state revenue until fiscal 2018. The nonpartisan Office of Legislative Services, which performs fiscal analyses of any legislation that may affect state revenue, said it could not quantify the potential loss because it lacked basic data.

    In December, Corzine signed into law a bill ending the “throwout rule,” which was intended to raise income taxes from New Jersey companies that sell products in states that do not charge sales tax. The elimination of the provision is expected to cost the state $149 million a year starting in 2011, according to OLS.

  17. Libturd at home says:

    Otto. Let’s call a spade a spade. Dems support their voting base. Republicans support their donors.

  18. Libturd at home says:

    Of course there’s also the 100 million of pension dollars Corzine threw into the fireplace know as Lehman Bros.

  19. joyce says:

    Considering the majority of the programs implemented by the blue’s don’t help the average individual… I would say they both support their donors, and that their donors are very similar (except for the ones that get all the headlines). Surprise! They are all the same.

    Anyone still thinking there is a difference is an idiot, but anyone with a brain knows that.

  20. leftwing says:

    “Trickle down is nothing more than wealth distribution from the poor and middle class to the wealthy–but anyone with a brain knows that.”

    OMG, can’t believe I was caught red handed. Just like Willie Sutton, who famously robbed banks because ‘that is where the money is’ Otto has figured it out.

    Who gave him the secret playbook with the ring decoder? How did he find out the poor and middle class is where the money is?

    I just picked up my buffalo chicken from the local takeout after leaving work at 830p. The guy behind the counter was a Neanderthal. I wanted – no coveted – his wealth so badly I shuddered while in there. Or maybe I was just scared sh1tless in that neighborhood. Who knows.

    Either way, how am I going to continue to take all that wealth owned by the impoverished?

    LOL. Donkey.

  21. Juice Box says:

    Check out the double dipper in North Bergen retired from PD 25 yrs, 120k pension and now another 125k job at the housing authority, 50 years old.

  22. Juice Box says:

    Just finished my first FFL draft of the season, in this league now for 17 years, if I were smart I would have become a cop and be retiring in another few years with a 120 k a year pension + medical which is worth allot too…. Oh well…..

  23. Juice Box says:

    re # 20 – Cheap labor in the form of our guest workers who are defended by the likes of millionaire Geraldo Rivera are the biggest give away to the rich. I am no fan of Ann Coulter but she does have a point and so does Trump. If the Rich want the cheap labor the IRS should be going after them for the taxes and benefits of the UN-insured and those that are paid under the table, our system would be closer to solvency if the taxes were paid. Not to say that any monies collected would not be spend anyway on crap Gov programs but if it is true there are 10 + million working off the books with just of 123 million full time workers paying taxes it would make a dent in our problems. There are already laws on the books for this and those enofrcement agencies should be funded and staffed to chase this money.

    Rant off……It will never happen…..

  24. Juice Box says:

    Amazing stuff I hear lately from several co-workers, their grown kids are all going for non-profit jobs in DC, NY and elsewhere, low pay but no real stress either. None want to be back in Jersey, one working for a congress critter just left that great job to work for a non-profit, they all have a massive amount of education and debt yet they all want to travel the world and be work flexible.

  25. The Great Pumpkin says:

    Bingo!!

    Juice Box says:
    August 20, 2015 at 10:28 pm
    re # 20 – Cheap labor in the form of our guest workers who are defended by the likes of millionaire Geraldo Rivera are the biggest give away to the rich. I am no fan of Ann Coulter but she does have a point and so does Trump. If the Rich want the cheap labor the IRS should be going after them for the taxes and benefits of the UN-insured and those that are paid under the table, our system would be closer to solvency if the taxes were paid. Not to say that any monies collected would not be spend anyway on crap Gov programs but if it is true there are 10 + million working off the books with just of 123 million full time workers paying taxes it would make a dent in our problems. There are already laws on the books for this and those enofrcement agencies should be funded and staffed to chase this money.

    Rant off……It will never happen…..

  26. The Great Pumpkin says:

    The part where we allow a program like the h1b1 visa program to steal our good paying jobs when we don’t have enough good jobs for our own citizens as it is.

    Alex says:
    August 20, 2015 at 2:37 pm
    New Jersey losing 13,600 jobs last month is devastating.

    This is what happens when you over tax and regulate.

    Pumpty, what part of this doesn’t make sense to you?

  27. The Great Pumpkin says:

    Also, how we allow illegal immigrants to be supported by the same taxpayers they are screwing over. The illegal immigrants increase the amount of workers competing for jobs and when they can’t find a job, they get support from the same taxpayer that they are screwing over. Scratching my head.

  28. NJCoast says:

    Istar unveils plans for 16 story tower on Esperanza site. Boutique hotel and condos on upper floors, with ground floor retail.
    Maybe the third time’s a charm.

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