NJ labor force shrinking

From ROINJ:

GSI analysis: 2018 jobs report shows N.J.’s lost steam, economy falling behind

Garden State Initiative has released an analysis of New Jersey’s monthly jobs report for December 2018, and in it said the economy is not moving forward the way it should.

The report showed employment losses last month as well as a depleting workforce over the year.

“This has been a troubling week for New Jersey’s economy,” Regina M. Egea, president of GSI, said. “We’ve seen the slow job growth of recent months come to a full stop and state revenue falling well below projections. These two reports send a clear message to the Administration to avoid further policy shifts that would hamper job creation.”

In the private sector, New Jersey lost 2,300 jobs in December. The report said most of the jobs came from white collar service industries. For 2018, the state was up 61,900 private sector jobs.

In December, the state’s labor workforce grew by 5,900 workers — the largest increase in 2018. However, GSI said the increase was not in line with the beginning of the year. In January 2018, the labor force was at 4.508 million. It’s currently at 4.501 million, a difference of 7,700 people.

When comparing New Jersey’s shrunken workforce to other states, Florida, Ohio, North Carolina and New York saw their workforces grow since 2015. Pennsylvania’s workforce shrank as well, but far less than New Jersey.

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

60 Responses to NJ labor force shrinking

  1. grim says:

    The gist of the story is that NJ’s low unemployment appears to have more to do with a shrinking labor force, than a growing number of employed citizens.

  2. Bruiser says:

    Fist?

  3. The Original NJ ExPat says:

    Employment is so last generation thinking. Just wait for your basic income checks so you can live in dignity.

  4. The Original NJ ExPat says:

    BTW, according to AOCortez, the world is over in 12 years. Why spend it working?

  5. Blue Ribbon Teacher says:

    You can look at all the data, climate change in the past 100 years does not negatively affect GDP, food production, or life expectancy. Meanwhile, everyone right now posted on their social media how they wish they were in the Caribbean yesterday.

  6. 1987 Condo says:

    “Split-ternet”…or spliternet, just heard this term on CNBC coverage of Davos.
    Thinking that we may have more than one internet, in that China and others may have their own separate (and I assume censored or secured) internet.

  7. Fast Eddie says:

    Thinking that we may have more than one internet

    Go to any mainstream, random media site and it’s an epic Trump bashing-fest 24/7. We have our own internet, too. My homepage is set to Yahoo just out of habit and every other link is about the evil administration and the downfall of Trump.

  8. Libturd, can't say I didn't warn you. says:

    Eddie,

    It’s mainly because they are right. This Wall shutdown isn’t winning him any friends.

  9. Fast Eddie says:

    Lib,

    It was way before the wall issue. The wall issue is just a convenient story line to add fuel to their endless frustrations.

  10. Libturd...look me up in Costa Rica says:

    I think the longer this shutdown goes, the worse Trump looks. I think he is losing a lot of good will here.

    Sure the far lefties and righties will never see things for the way they are. But the moderates get it on both sides. Trump is not showing his amazing negotiating skills here. As a matter of fact, he is not showing any!

  11. Bystander says:

    Ed,

    Not disagreesing that media hates him and spends alot of time writing garbage articles Again, this is for click mone and no different than endless Kardashian articles..but Trump seeks the hatred and feeds off of it, like Don Sidious. I would not say wall in just a conveniant story. My bro in law (security officer) has been working without pay. It is hurting real folks.

  12. D-FENS says:

    I swear some day we’ll find out that the Mexican Cartels are somehow influencing high ranking Democrats who vehemently oppose the wall.

  13. The Original NJ ExPat says:

    Existing home sales down 10.3% YoY, down 6.4% MoM

  14. Blue Ribbon Teacher says:

    Oof, I think there are 3 flips still on the market by me. Zero activity from what I see.

  15. Blue Ribbon Teacher says:

    The shutdown is a game. Trump wants his way. And Pelosi and Schumer deliberately want to keep the government shut down to try to assign blame solely on him.

  16. Libturd...look me up in Costa Rica says:

    “I swear some day we’ll find out that the Mexican Cartels are somehow influencing high ranking Democrats who vehemently oppose the wall.”

    Interesting conspiracy. Sure sounds nice. Like blaming the ills of America on immigration with zero proof.

  17. Bruiser says:

    Libturd, neither side is negotiating in good faith. There is no easy exit strategy from this Mexican Standoff. The way this ends is by a wave of Leftists taking the Senate and White House, because the Republicans are not taking the House for another 20 years at minimum.

  18. Bystander says:

    BRT,

    Typical rewrite of history. Trump said he was proud to own shutdown then comes up with weak, “major” annoucement on Sat. He owns it..too bad for Dumpy supporters.

  19. Libturd...look me up in Costa Rica says:

    Bruiser. There is an exit strategy. Give the Dems something they want (that Republican’s don’t want) and you can waste your 6 billion on maintaining an unnecessary campaign promise. So far Trump has offered nothing.

  20. Juice Box says:

    Yun says no worries.

    “Lawrence Yun, NAR’s chief economist, says current housing numbers are partly a result of higher interest rates during much of 2018. “The housing market is obviously very sensitive to mortgage rates. Softer sales in December reflected consumer search processes and contract signing activity in previous months when mortgage rates were higher than today. Now, with mortgage rates lower, some revival in home sales is expected going into spring.”

  21. Juice Box says:

    Something is happening with these penny stocks.

    “An FHFA spokesperson, though, told MarketWatch that there was a discussion about ending government conservatorship of the two mortgage giants, but added that nothing was mentioned about details or timing.”

    https://www.marketwatch.com/investing/stock/FNMA

    https://seekingalpha.com/symbol/FMCC

  22. GdBlsU45 says:

    Let’s not forget that for Pelosi and Schumer to win leadership positions they had to appease the emerging wing of the democrat party who are open borders. The democrat part has moved way to the left on border security and immigration relative to what their mandate is but don’t have the guts to say it. What we have now is de facto open borders.

  23. Bruiser says:

    Libturd, please lay out what the Dems are proposing as a negotiating point. “You’re not getting any wall funding. Make Mexico pay for it like you said” is their starting point. Amnesty for the existing 100 million already here? Like I said: neither side is negotiating in good faith. Both sides feel they have the public mandate. There is only one way out. I never claimed it was a good way out.

  24. Bruiser says:

    100 million? Dafuq did I just type?

  25. Blue Ribbon Teacher says:

    Read what I wrote again. I didn’t absolve Trump from blame. He started it and the Dems want him to continue it.

  26. joyce says:

    That’s an overly broad statement. Are there some negative consequences for some of the population attributable to immigration, or just illegal immigration? Yes and there is evidence of that.

    Libturd…look me up in Costa Rica says:
    January 22, 2019 at 10:38 am

    Interesting conspiracy. Sure sounds nice. Like blaming the ills of America on immigration with zero proof.

  27. 30 year realtor says:

    Dems want continued shutdown? Is that why they have passed 2 bills in the house that McConnell will not bring to the floor in the senate? Is that why there was bipartisan support for the bill that passed the senate almost unanimously in advance of the shutdown? Trump wants the shutdown.

    If the shutdown remains in place for an extended period Republicans will begin to jump ship from the sinking Trump.

  28. GdBlsU45 says:

    Mexico is a mess as a result of their own doing. People incapable of governing themselves. College students being massacred, politicians and journalists being assassinated regularly, tapping gas pipelines and vaporizing themselves are. If you want to live there be my guest. Great place.

  29. Bystander says:

    BRT,

    No, he has to continue it because he asked backed himself into a corner with big talk. Of course Pelosi and Schumer are not going to move without a big win for themselves too. Temporary protection was a joke proposal. The saddest part of Saturday was that wretched, horse face Anne Coulter blasts him for DACA deal and he immediately down talks proposal. It firmly tells you who he takes orders from..Limbaugh, Coulter, Hannity, Alex Jones..how great for America. We need immigration policies, not a political stunt on either sides. I think joyce mentioned last week that punishing employers who hire illegal should be part of it. Of course, neither side will touch that one.

  30. Blue Ribbon Teacher says:

    no politician is good for America.

  31. Fast Eddie says:

    …punishing employers who hire illegal should be part of it. Of course, neither side will touch that one.

    Hollywood needs someone to police the walls of their gated mansions, manicure their lawns and serve their guests by the pool.

  32. Yo! says:

    2019 home sales data beginning to surface. Data from the 3 Hudson County resales:

    West New York house
    2016 $275,000
    2017 $360,000
    January 9, 2019 $540,000 (+50% compared to previous sale)

    North Bergen condo
    2015 $103,000
    January 8, 2019 $158,000 (+53% compared to previous sale)

    North Bergen condo
    2015 $36,000
    2016 $61,900
    January 4, 2019 $111,500 (+80% compared to previous sale)

  33. ExEssex says:

    California like most of America is filled with undocumented but it’s Visa overstays that seem to be the real driver of the bigger numbers of immigrants.

  34. ExEssex says:

    I’d say agriculture is the biggest employer by far….not landscaping.

  35. texting says:

    These Close-to-Manhattan towns, prices have gone up like nuts.. Just like 2005.. So what next ??

  36. joyce says:

    what a truly pathetic comment

    Fast Eddie says:
    January 22, 2019 at 12:30 pm
    …punishing employers who hire illegal should be part of it. Of course, neither side will touch that one.

    Hollywood needs someone to police the walls of their gated mansions, manicure their lawns and serve their guests by the pool.

  37. chicagofinance says:

    Buy now or be priced out forever:

    Home sales fell sharply in December to their weakest level in more than three years, a difficult end to a weak year for the housing market and fresh evidence of a bumpy ride to come in 2019.

    Existing-home sales fell 6.4% in December from the previous month to a seasonally adjusted annual rate of 4.99 million, the National Association of Realtors said Tuesday. Compared with a year earlier, sales in December declined 10.3%.

  38. D-FENS says:

    To get a Visa (and then overstay it), don’t you have to undergo some sort of vetting, including proof of vaccinations, fingerprinting, etc.?

    ExEssex says:
    January 22, 2019 at 12:49 pm
    California like most of America is filled with undocumented but it’s Visa overstays that seem to be the real driver of the bigger numbers of immigrants.

  39. Blue Ribbon Teacher says:

    Why the refusal to negotiate 5 billion in return for fixing the DACA problem?

  40. Fast Eddie says:

    BRT,

    Why the refusal to negotiate 5 billion in return for fixing the DACA problem?

    You know the answer. I know you’re asking rhetorically.

  41. Bystander says:

    Actually I think Ed has a point. The rich, the politicians, everybody needs to be held accountable. Shoot I think last two Treasury secs admitted they hired illegal nannies.

  42. chicagofinance says:

    DACA is such an interesting term….. DACA is correct…. Dreamer is political crap…. so when you see a reporter, commentator or any politician use the term Dreamer, it functions as a dog whistle to me……

    Blue Ribbon Teacher says:
    January 22, 2019 at 1:32 pm
    Why the refusal to negotiate 5 billion in return for fixing the DACA problem?

  43. Blue Ribbon Teacher says:

    I’m in support of a path to citizenship. If people have been here working for more than a decade, even under the table. Let them pay a fee and get it over with. This issue has been going on for decades and Washington has never fixed it.

  44. 30 year realtor says:

    SNAP (food stamps) are only funded through February. Without ending the government shutdown by March 1st people will begin going hungry. What percentage of the Trump base receives SNAP?

  45. 30 year realtor says:

    Regarding the Trump proposal on DACA…where was this proposal when there was a Republican majority? This little concession could have worked in Trump’s favor at that moment in time. Today is not that moment in time.

  46. Libturd...look me up in Costa Rica says:

    I don’t think immigration is a bad thing. Illegal immigration, yes.

    By the way, we have plenty of illegals in NJ picking blueberries, tomatoes, cleaning houses and landscaping.

    If Trump wanted the wall and he was a supposed negotiating pro. He would spend as much on improving the path for legal immigration as he does on closing the path for illegal immigration. I guarantee you the Dems would bite on such an offer and he would look brilliant and would save a lot of face. But he is far from brilliant, so we have a sh1tty negotiator who’s only negotiation ploy is my way or the highway.

  47. Libturd, can't say I didn't warn you. says:

    And yes Joyce,

    Sorry for the generalization.

  48. Bagholder says:

    ‘Why the refusal to negotiate 5 billion in return for fixing the DACA problem?’

    If they actually wanted $ for a wall in exchange for DACA, they would’ve taken that deal when it was offered last year. This seems to be about something else.

  49. ExEssex says:

    4:07 Which will admit to it? Remember these folks are intellectually dishonest. We HATE the gubmint, but gimme my subsidy.

  50. Juice Box says:

    Gov Murphy and transportation officials push for $2.1B new monorail at Newark airport

    Existing one went live in 1996.

    https://www.bloomberg.com/news/articles/2019-01-22/murphy-says-2-1-billion-needed-for-newark-airport-s-monorail

    They should just demolish the entire airport instead…I think Denver’s “new airport” cost that much before cost overruns.

  51. Juice Box says:

    May have spoke too soon they are spending $2.7 billion terminal one. So that is 4.8 Billion for one terminal and a monorail….

  52. Comrade Nom Deplume, jonesing for Kathy Griffin says:

    The Donald doesn’t get optics. He and McConnell need to be throwing compromises at the Dems that they will keep rejecting. Get them saying “nyet” before the cameras and get them saying it frequently. Then The Donald should go before the cameras and say “hey, I’m trying to negotiate here but they are rejecting everything.”

    Last ditch for me would be to capitulate on wall funding but ask for big bump in ICE budget. Then start aggressively raiding and deporting. It boxes in the dems because the dems said that the wall is so last millennia and forces them to side with the illegals.

  53. Bagholder says:

    Then start aggressively raiding and deporting.

    Got to target these properly or he’ll upset donors.

  54. Bagholder says:

    Btw, on DACA, maybe no action will be needed for it to continue. The bargaining chip may be gone:

    The justices took no action Tuesday on a case before them concerning the legality of the administration’s decision to end the Obama-era immigration policy known as Deferred Action for Childhood Arrivals, or DACA.

    The inaction effectively allows the program to continue, reducing Trump’s already limited leverage in a high-stakes impasse over money for his proposed border wall

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