From the Star Ledger:
The 20 fastest-shrinking towns in New Jersey
New Jersey is in the midst of a dramatic population shift, the inverse of the outward sprawl that has dominated the state for the last several decades.
The large population swings mean parts of the state are seeing decline not seen in more than 20 years. Today, we take a look at what towns are seeing the starkest losses.
…
With each passing year since the Great Recession, the population trend in New Jersey becomes more clear. During the last decade, counties like Sussex and Warren — once the fastest growing in New Jersey — are now shrinking. Conversely, the suburbs surrounding New York City are booming.
…
Top 10 by People Lost10. Vernon
9. Margate City
8. Camden
7. Irvington
6. Brick
5. Brigantine
4. Ocean City
3. Willingboro
2. Washington (Gloucester)
1. Toms River
…
Top 10 by Percentage Lost
10. Alpine
9. Lavalette
8. Ocean City
7. Margate City
6. Brigantine
5. Surf City
4. Ship Bottom
3. Hampton
2. Sea Isle City
1. Beach Haven
Good Morning New Jersey
Looking at the towns that mostly are shore towns …could this be Sandy driven ?
Past Performance Does Not Guarantee Future Results
Pumps has been calling this trend for how long now?
“During the last decade, counties like Sussex and Warren — once the fastest growing in New Jersey — are now shrinking. Conversely, the suburbs surrounding New York City are booming”
@LukeReuters
WSJ editorial says Trump’s repeated lies put him close to becoming a
“fake president” —
I thought Pumps was NJ’s biggest loser.
Nj’s biggest loser is now an Expat.
The Original NJ Expat says:
March 22, 2017 at 8:10 am
I thought Pumps was NJ’s biggest loser.
It sounds like you should move, Pumps. You’re already 3 counties away from NYC and part of the rot.
“During the last decade, counties like Sussex and Warren — once the fastest growing in New Jersey — are now shrinking. Conversely, the suburbs surrounding New York City are booming”
The Wall Street Journal
“Two months into his Presidency, Gallup has Mr. Trump’s approval rating at 39%.
No doubt Mr. Trump considers that fake news, but if he doesn’t show more respect for the truth most Americans may conclude he’s a fake President.”
Appeared in the Mar. 22, 2017, print edition
Hey Pumps, do you ever see any 2-headed turkeys when you take your daughter to play at the radioactive playground down the block from your house? Make sure you teach her to look both ways before crossing the highway. What a genius.
http://www.nj.com/passaic-county/index.ssf/2012/09/wayne_superfund_site_bill_pascrell.html
Wow. Alpine in the top ten?
So, does anyone think that Congress will raise the base H-1B salary to $130,000 as suggested in the H-1B reform bill introduced in January?
My observation is that many, many $100,000+ jobs were eliminated in NJ (esp. pharma, medical devices, and banking) and given to H-1B people from India. And, of course, train your replacement first or lose severance $$ (which very few people can give up).
The Indian consulting firms, of course, are now advertising that American workers can apply for those same contract jobs at $30. to $35. per hour.
The American companies tend to offer more per hour, but they’re generally losing out to the Indian companies. So American recruiting companies are going under one after another in the last few years.
Yes, some contract workers are surviving, but the mental and physical cost is brutal.
And for those who couldn’t find another job, or contract work, after training their replacements – what are they doing now?
Some jobs I’ve heard of: part time handy-man work, working for a funeral homes, gas station attendants, working on a day cruise boats, working for security at the airports, driving a mini-bus (van).
The shrinking of the middle-class.
People are leaving Camden. They are just dying in place.
My market top call is looking pretty damn amazing right now.
My gut feeling is the above article is a picture of what millennials did. Maybe this will continue in the short term…maybe not.
People aren’t leaving Camden. They are just dying in place.
Well I screwed that one up.
As for the shore towns, I am not surprised they lead the percentage lost. Most of these towns have the tiniest number of year-round residents many who sold out to Sandy leaving less permanent residents and more vacation residencies than before.
Really, it was a terrible article.
Sima, did you catch 60 minutes this week? Criminal how immigrants are being used to eliminate good jobs for the sake of putting more money in the pockets of the people at the top.
“H1B visas are on top of the rundown Sunday primetime March 19 at 7:30 p.m. ET and 7 p.m. PT on the one of American telly’s greatest shows CBS 60 minutes. Headlined ‘You’re fired’, this show features the H1B bill’s original author saying he’s “outraged” at the way the visa is being “hijacked” to lower labour costs.”
Cool that a Sussex County town is on the list and the county is losing population, although there’s been an uptick in the number of kids in the Vernon school district. Hopefully, it’ll make more people think that this area is for losers, so they’ll stay away from here.
Yeah…Alpine is for losers too amirite?
Somewhere between Blumpy’s blind stupidity on positive job/wage growth and Sima’s negative tales on “pharma exec turned janitor”, there is the truth on job market. I think that truth is that opportunities are more plentiful than a few years ago but it will take much more time to find a step up in pay, location or job quality. You might have to sacrifice one or more unless connected or lucky. If you make over $150k/year, over 40 and not management level then forces are working against you in terms of outsourcing and youth movement. These are not new things but the fat at companies has been cut down. They are looking for multi-skilled people but only with 5-7 years experience to keep costs down. Sure, unrealistic but I see it time and time again. You have to wait until the power shift turns back to employee. Blumpy thinks it will just “happen” because he is thoughtless but there has to be a major product to sell to the masses to make that turn and it won’t be pancake batter.
I hope we see a reversal on the H1-B visa exploitation. There are plenty of American gals and guys that are dying to step in. It’s sickening that every IT-related job is hijacked by someone with a name most of us can’t pronounce.
We’re talking counties. Alpine is in a relatively poor county, not even in top 25 in the US. Vernon is in a rich county, 20th richest in the US.
https://en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States
Plenty of wealthy people in Sussex County whose egos don’t require a prestigious address.
Grain,
I’ve lived in a number of those counties, but interestingly, the one NJ county I lived in doesn’t make the list. Union County must have been dragged down so badly by Elizabeth that Westfield, Mountainside, Summit, etc, could not raise it.
Bystander: Excuse me?? Have you personally looked for contract jobs since 2010?
(that’s assuming you’re over 50 or 55)
My husband and some friends have been doing it consistently since 2011 (when the big pharma and banking layoffs happened).
He just started working with someone who was laid off from IBM contract work last year who had to train his even cheaper Indian H-1B replacement (but after that couldn’t find another contract job for about 10 months).
Yes, there are more full-time real jobs now, and actually fewer contract jobs since 2011.
When a new contract job gets posted on sites, my husband gets at least 10 different calls from recruiters for “the job of the day” (he has a great resume) – but the Indian recruiting firms always, always offer lower hourly rates.
Bergen County is poor?
Comrade…did Plainfield, Roselle, Roselle Park and Linden all slip your mind too? You have a very narrow view. Clearly those places were never on your radar even if they were practically next door.
Sima,
I feel every word you say and have been through that war. We just had a re-org here and a few Directors have been let go. I’m not at that level but it can happen at any moment, I know. It really sucks.
The town of Union is no great shakes, either.
Fast Eddie – Yup, I agree.
And no one can imagine what it’s like to go through looking for and working contract jobs over and over and over except someone who has been through it (and their families).
But…Directors being laid off will have it harder if they’re over 50. Won’t be hired for full-time work, and probably can’t get contract work. People with hands on experience is what is desirable for that.
Trump hinting at increasing Standard Deduction to $30,000 from $12,600 for a Married Couple Filling Jointly. This means, retired Couples withdrawing $2,500 a month on Before Tax 401k will not be taxed at the end of the year. 50% of SS might be subject to tax
Must go back in how much Roth IRA you want to convert base on needs and future tax rate
http://money.cnn.com/2017/03/20/news/economy/trump-tax-rates/index.html?iid=hp-stack-dom
Why Won’t Anyone Buy the Most Expensive House in New Jersey?
Hint: It’s the most expensive house in New Jersey.
https://www.bloomberg.com/news/articles/2017-03-21/why-won-t-anyone-buy-the-most-expensive-house-in-new-jersey
Cost of insurance in Shore Towns?
soutwin says:
March 22, 2017 at 7:53 am
Looking at the towns that mostly are shore towns …could this be Sandy driven ?
30,
I wasn’t trying to draft a comprehensive analysis. You want your money back?
yome,
There is a lot in play. I don’t know that ATEOTD, we will see much change. Quite a few sacred cows are in the crosshairs, as they probably should be, but we will need political courage from both sides of the aisle to effect meaningful change.
Somehow I don’t see that happening.
“Somehow I don’t see that happening.”
Me neither.
I never realized that rich people in 50 million homes eat so much oatmeal. It’s no wonder they have so much money. They pay nothing for food.
Sima,
It’s not that I don’t agree or sympathize on H1B. I hate it as well. I am impacted like everyone else but telling stories of pharma professionals becoming uber drivers is extreme. I am nearing mid 40s and was let go by old IB two weeks after Sandy in 2012. Of course, I felt it coming and was interviewing. Got my severence package and next day received offer for 6 month contract at IB 10 minutes from my apt and for a lot more money. That was extremely fortunate. I busted my a$$ and delivered on projects and was enewed 3 more times until I reached their “2 year consultant” limit. Guess what? My boss submitted me as tech PM to another group hiring for tax group. I received full time offer and busted my @$$ another two years until they migrated all tech roles to India. I was lone US tech person left in September 2016 and knew my job was up. I received WARN notice in September then used my internal connections. I was offered Regulatory PM role in November, one week before my departure. So, yes I have been there. The place I work for now has been downsizing for years, about 20 a month for 4 years on top of natural attrition. That had 2500 employees in US in 2008 but now 600. Competition is fierce but “all is lost mentality” does not work. Take any decent contract offer (yes they are out there), own as much as possible, stay positive, deliver and know when you worth is the highest (before a project is delivered). Constantly challenge the job market and recruiters. Your husband should be finding legit recuiters not working with Indian cold callers. Sorry but you seem stuck in a rut and blaming others will not get you anywhere. H1b restriction is not magical solution for all job problems. It is only small part of it.
eventually everything with a view of NYC will be shiny and brand new….with marble counter tops and crushed valour sofas.
Sima,
Also, a close work friend who was let go in December landed a high paying contract at Axelon in New Haven in 3 weeks. He has no pharma experience but good PM skill set. Of course they promptly announced 7% workforce reduction last week. He is fine. It is volatile for sure but have to adapt to new world.
Sorry, Alexion.
I’m not going to work anymore.
“Alexa, do my job!”
Bystander –
Please consider your age – under 50. All is different then.
By the way, my husband has been working contract jobs since he was laid off, so he is a survivor.
But…I’m telling what I (and he) sees out there, and it seems like you don’t want to hear it.
I notice that you don’t have any gaps in employment lasting months – Many (most?) contract workers I know have some time in between jobs. They tend to be hired for a specific project (typically a year or less, – some contract jobs out there are only 3 months), and when that ends the job is over.
The H-1B visa needs to be increased to a higher amount – anything over $100,000 would be a major improvement for the thousands of workers ditched for cheaper imported workers.
I mention these things here on this site because the loss of these jobs that have gone to cheaper non-Americans is definitely impacting NJ’s economy and workforce, and why this state has lagged behind others in recovering.
I’ve been in the outsourcing business for 20+ years.
H1B is a backdoor that is widely abused.
This is no secret, this is not a misperception.
Are there benefits? Sure, but the abuses far outweigh the benefits.
Please don’t tell me that I’m viewing this with some sort of nationalist/populist bias, that is nonsense.
My business is to eliminate your job – whether it be through labor arbitrage, process improvement, or technology and automation.
The wild card right now is the Fed. There is a lot they can do to derail any meaningful sustained growth with their myopic view on jobs and employment participation in tje US.
Sima,
You can set-up whatever age block you want. I see plenty of 50 year olds + around me. It is difficult bc 50 year old expect more money and companies don’t want to pay for it now. I get it but I also know that it is hard to hire consultants, have them learn, then leave and have to hire again. Companies are made up of people who don’t want to be interviewing over and over. Work hard, play the game, , know your worth, don’t ask desperate and you can get past the 3 mo. or 6 mo. temp contracts. I am not saying it is easy but it seems that you believe it is a narrow issue with H1B.
New Jersey lags because it is an expensive place to live and obtain real estate for business operations, hence, workers need to be paid more. That said, there are many highly qualified people who live here, so it cuts both ways.
From my perspective after repeatedly having transitioning workers in my client base, Bystander’s attitude is the most appropriate one. You can be disappointed or angry about a layoff, but once there is sufficient time to retrain or enhance your credentials, you need to use your thumb more than point your index finger at others……
Sima says:
March 22, 2017 at 1:01 pm
Bystander –
Please consider your age – under 50. All is different then.
By the way, my husband has been working contract jobs since he was laid off, so he is a survivor.
But…I’m telling what I (and he) sees out there, and it seems like you don’t want to hear it.
I notice that you don’t have any gaps in employment lasting months – Many (most?) contract workers I know have some time in between jobs. They tend to be hired for a specific project (typically a year or less, – some contract jobs out there are only 3 months), and when that ends the job is over.
The H-1B visa needs to be increased to a higher amount – anything over $100,000 would be a major improvement for the thousands of workers ditched for cheaper imported workers.
I mention these things here on this site because the loss of these jobs that have gone to cheaper non-Americans is definitely impacting NJ’s economy and workforce, and why this state has lagged behind others in recovering.
Even though this post is an attack on my outlook of the labor market, it’s one of the better posts I have read by you. Glad that you finally see the light of slow but gradual improvement in the economy after one of the biggest busts ever. And the power is slowly shifting to the employee, give it another 2 years, and highly skilled individuals will not be crying about being underpaid. There will be a new product/technology to drive the next growth in the economy and create the new jobs of tomorrow even if we can’t see it yet.
Bystander says:
March 22, 2017 at 9:50 am
Somewhere between Blumpy’s blind stupidity on positive job/wage growth and Sima’s negative tales on “pharma exec turned janitor”, there is the truth on job market. I think that truth is that opportunities are more plentiful than a few years ago but it will take much more time to find a step up in pay, location or job quality. You might have to sacrifice one or more unless connected or lucky. If you make over $150k/year, over 40 and not management level then forces are working against you in terms of outsourcing and youth movement. These are not new things but the fat at companies has been cut down. They are looking for multi-skilled people but only with 5-7 years experience to keep costs down. Sure, unrealistic but I see it time and time again. You have to wait until the power shift turns back to employee. Blumpy thinks it will just “happen” because he is thoughtless but there has to be a major product to sell to the masses to make that turn and it won’t be pancake batter
My adopted homeland, h/t Nom.
http://i.imgur.com/bzeiYdA.png
So, you’re telling me that Trump was wire-tapped?
https://www.yahoo.com/news/gop-lawmaker-trump-communications-may-monitored-172317705–politics.html
Grim – Here’s an idea I’ve been toying with for a long time, I’d like to hear your idea as to whether a system like this (that I would create) would furnish a better alternative to H1-B’s for companies in this climate. A program that takes HS seniors (or college dropouts) and turns them into something hyper-specific in 3-4 months of training: Database Administrators, probably SQL Server first, maybe they come back for Oracle and MySQL, etc. 3 months of classroom, 3 months of paid internship, then a $50-$60K job, all for about $10-$15K out of pocket for the program. I figure I could lobby for grants and state and federal aid once I turn out a few classes and expand to a few cities.
After many decades of IT experience, I think this is probably the best way to teach the profession, if someone wanted to go “wide” would go something like this:
1. Databases (with emphasis on Security)
2. Server OS SW (with emphasis on Security)
3. Server Application SW
3. Server HW
4. Networking HW & SW (LAN/WAN/Firewalls/Security Policies)
5. Desktop & Personal Devices, HW & SW
6. Management (can jump off at any level above, or fall through to Enterprise Management here)
3:09 Eddie we all are under surveillance get with the program. Trump don’t like it if it foues in the face of his interests but the lowlife will rub your nose in anything he finds against you. Typical Fascist.
Pembrus,
It was previously reported that former National Security Adviser Michael Flynn was “unmasked” in this way, however, Nunes said “additional names” were unmasked as well.
Someone in the DNC is going to jail. LMAO!!!
LOL. Trump knows promotion. All the way through tomorrow’s vote I’m convinced that the converted of the 25 or so no votes are being told to hold their position steady with the press, to make the media profess all night and all day tomorrow that Trump will fail. And then he doesn’t. Sound familiar? I’m selling bonds at the close tomorrow, that’s for sure.
I wonder if Vegas gives odds on whether today’s or the next wanton and unexpected mass murders are committed by Muslim or not. I imagine you wouldn’t get large odds, but maybe you could beat 3 month treasury yields?
Eddie – NSA XKeyscore surveillance of US citizens isn’t abused this is the USA not China!
I wrote to a friend last night that Trump is a media genius. He’s galvanized his administration against leaks by creating what most believe is a fiasco. Because Trump was wise enough to allege wire-tapping, there is no longer a free pass to any leaks about the Trump administration, because it automatically creates two stories. If he said nothing, every leak would be promulgated on the information in the leak. Now every leak creates more doubt about Obama setting up a surveillance operations and a distribution ecosystem. Genius.
Blump,
Your blind stupidity is that everything is a cycle and therefore economics is the science of identfying where we are in a cycle. You will point to any dumb article backing your assertions. Read grim’s post again on automation and outsourcing bc I think the realities of job growth are laid out there. And by “product”, I mean something that can be securitized in the financial market and sold to foolish investors. Kind of hard to do it again after we just got done taking people’s homes during last bust. There is nothing left at this point and current stock bubble is closer to popping rather than growing. But, you keep believing in your giant 2018 wage inflation prediction and roaring 20s. I believe this is what it will be like for a generation. Tepid growth, middling labor market and protectionist policies globally until a war starts. That will be the reset button on many things.
BTW, is Adam Schiff young enough that his parents named him after the D.A. on the original (boom-boom) Law and Order?
Pumpkin should move to his homeland (due North of “Dragons”)
My adopted homeland, h/t Nom.
http://i.imgur.com/bzeiYdA.png
Blump has Daddy issues. His criminal Dad was deported and apparently never told him he was good at anything. He’s searching for some validation here, but our honesty apparently exceeds our pity.
Blump,
Your blind stupidity is that everything is a cycle and therefore economics is the science of identfying where we are in a cycle. You will point to any dumb article backing your assertions. Read grim’s post again on automation and outsourcing bc I think the realities of job growth are laid out there. And by “product”, I mean something that can be securitized in the financial market and sold to foolish investors. Kind of hard to do it again after we just got done taking people’s homes during last bust. There is nothing left at this point and current stock bubble is closer to popping rather than growing. But, you keep believing in your giant 2018 wage inflation prediction and roaring 20s. I believe this is what it will be like for a generation. Tepid growth, middling labor market and protectionist policies globally until a war starts. That will be the reset button on many things.
Also, it seems that Pump’s Dad called him and idiot because her relentlessly states that we call him that which is familiar to him, but we don’t. He just can’t stop the echo in his head, I guess?
https://www.google.com/search?num=100&rlz=1C1CHZL_enUS695US695&espv=2&q=%22call+me+an+idiot%22+site%3Anjrereport.com&oq=%22call+me+an+idiot%22+site%3Anjrereport.com&gs_l=serp.3…983.1068.0.2229.2.2.0.0.0.0.433.852.4-2.2.0….0…1.1.64.serp..1.0.0.g62K-ElmOGQ
^^^^ Copy and paste the entire URL to see how many times the Pumpkin alleges we call him an idiot, but you’ll see he just calls himself that name, over, and over, and over, and over, and over, and over…
Two schools of thought on this blog that can be summed up in a few words:
1. Cycles (Pumpkin).
2. Things are different this time (almost everyone else).
^^^ Keep in mind that Pumpkin only talks about his precious cycles, he can’t produce and evidence or data. He’s obviously one of those doofuses that makes and impulse buy and then tries to support his lack of research with some hap-hazard after-the-fact fake research. If not, Pumpkin would surely furnish his nodes and data, but instead he just wanks on and on and on and on…
There should be a government mandate that everyone watches a full hour of CNN a day, so that everyone can appreciate a sampling of untreated mental health issues.
Boots on the ground in Syria. Game changer, clock is ticking on AUMF.
Trump Silicon Valley advisors probably tipped off Trump to the deep state surveliance of his transition team.
It”s gonna get messy in the beltway, when do the warrants go out?
https://theintercept.com/2017/02/22/how-peter-thiels-palantir-helped-the-nsa-spy-on-the-whole-world/
Wow. Do you think *both* of them called him up?
Trump Silicon Valley advisors probably tipped off Trump to the deep state
This is for the Phoenix since you have a special kind of love for the healthcare system. . No doubt, one of the fundamental building blocks of human society is hypocrisy.
“I have the state run healthcare for myself and my daughter, which is horrible by the way, and I almost always pay for everything out of pocket anyway. As a parent, and a patient, I harbor a deep and abiding resentment for our current healthcare environment, which appears to be only focused on draining people of money rather than helping people get healthier.
Is it wrong of me to be disgusted by a nation that claims Christian values and then urinates on those values every chance they get?”
If you need data, follow the spending patterns of the baby boomers and correlate it to the booms and busts over their lifetime. Now look at the past business cycles and start painting the picture of what happens when favorable demographics combines with the beginning stages of a growth stage in the business cycle. For someone that is a technical trader, I’m surprised you would mock someone basing their predictions on market cycles and demographic spending patterns. But I guess this is what happens when you ignore the roll consumption plays in our economy based on your hate towards Keynes.
The Original NJ Expat says:
March 22, 2017 at 5:31 pm
^^^ Keep in mind that Pumpkin only talks about his precious cycles, he can’t produce and evidence or data. He’s obviously one of those doofuses that makes and impulse buy and then tries to support his lack of research with some hap-hazard after-the-fact fake research. If not, Pumpkin would surely furnish his nodes and data, but instead he just wanks on and on and on and on…
‘So, you’re telling me that Trump was wire-tapped?’
‘Terrible! Just found out that Obama had my “wires tapped” in Trump Tower just before the victory. Nothing found. This is McCarthyism!’
Curious to know what ‘bad guy’ he was chatting with. Seems like when Florio would show up on mafia wiretaps back in the day.
No cycle is the same, but they do follow patterns that can be used for predictive analysis.
Yes, one day the cycle will come to an end and start anew. I play percentages. Yes, the cycle can come to an end, but the odds of that are slim to none until it actually happens. So I’ll bet against it totally dying out until it does.
Bystander says:
March 22, 2017 at 4:27 pm
Blump,
Your blind stupidity is that everything is a cycle and therefore economics is the science of identfying where we are in a cycle. You will point to any dumb article backing your assertions. Read grim’s post again on automation and outsourcing bc I think the realities of job growth are laid out there. And by “product”, I mean something that can be securitized in the financial market and sold to foolish investors. Kind of hard to do it again after we just got done taking people’s homes during last bust. There is nothing left at this point and current stock bubble is closer to popping rather than growing. But, you keep believing in your giant 2018 wage inflation prediction and roaring 20s. I believe this is what it will be like for a generation. Tepid growth, middling labor market and protectionist policies globally until a war starts. That will be the reset button on many things.
I think grim put an end to any question of whether the H1B program is being used as a strategic tool to increase profit at the expense of labor. Trump better stop this like he said he would.
I think H1B should be fixed such that there are quotas and maximums by field and by source country.
Problem solved.
Yes, the location is spectacular, it will indeed come back.
“There was another factor, Kurtz speculated: New Jersey, itself. “There’s been some overall negativity with the state of New Jersey,” he said. “Just so many politicians that have gone to jail, and the Jersey Shore and Snooki and all that nonsense.” Chris Christie’s Bridgegate scandal didn’t help either, Kurtz said. Add in the state’s well-publicized debt issues, “and I think the higher end [of the market] has gotten hurt a little,” he said, predicting it will “come back, of course; the location is spectacular.””
https://www.bloomberg.com/news/articles/2017-03-21/why-won-t-anyone-buy-the-most-expensive-house-in-new-jersey
America needs to continue being a brainpower vampire sucking the rest of the world dry – luring their intelligentsia with dreams of McDonalds and Levi’s.
Yes, as long as the immigrants are paid on equal footing with U.S. level compensation. If they are used to whore themselves out at half the price, then we have a problem.
Grim says:
March 22, 2017 at 9:50 pm
America needs to continue being a brainpower vampire sucking the rest of the world dry – luring their intelligentsia with dreams of McDonalds and Levi’s.
It comes down to cost of living. It’s just not right to import workers willing to live below the American living standard and then have highly skilled U.S. workers train these imports to take their job.
Bruce- “I was born in the USA!!”
9:50 never ceases to amaze me….the treadmill!
Liberal Dictionary.
Multi-culturalism: A system of living where we all die together at the hands of Islamic terrorists.