From NJBIZ:
N.J. unemployment flat at 9 percent
While the state’s unemployment rate held the line at 9 percent in January, private-sector employment increased and job growth in 2011 outpaced job losses in 2010, according to a report issued today by the state Department of Labor and Workforce Development.
According to preliminary estimates of nonfarm wages and salaries in January, 13,300 jobs were added in both the private and public sectors of the state economy, to reach a seasonally adjusted total of more than 3.8 million.
“January’s strong gain in payrolls shows that the state’s economy is moving forward. Employers are hiring,” said Charles Steindel, chief economist for the state Treasury Department, in prepared remarks.
The industry sectors with the largest January employment gains were education and health services, with 9,500 jobs; manufacturing, 4,000 jobs; trade, transportation and utilities, 1,500 jobs; and construction, 1,100 jobs.
Though the required annual benchmarking adjustment process showed a downward revision of employment gain in 2011 — from 36,400 to 31,100 — the overall employment picture in the state improved last year, as job loss totaled 18,700 in 2010.
From the NJ LWD:
Employment Expands in January for Fifth Consecutive Month Unemployment Rate at 9.0 Percent
Employment in New Jersey increased in January while the state’s unemployment rate was essentially unchanged at 9.0 percent. In addition, job growth in New Jersey during 2011 significantly outpaced the job losses reported in 2010 – even after previously released employment estimates for 2011 were revised through required annual benchmarking.
Since February 2010, which was the low point of private sector employment since the recession began, there has been a gain of 67,800 private sector jobs in New Jersey.
The benchmarking also affirmed the private sector job gain in 2011 was the largest over-the-year gain since the December 1999 – December 2000 period, and 2011 represented the second consecutive year of private sector job growth and reductions in public sector payrolls.
“January’s strong gain in payrolls shows that the state’s economy is moving forward: employers are hiring. Moreover, the figure showing that 60% of New Jersey residents are at work is a point and a half higher than the national average,” said Charles Steindel, Chief Economist for the New Jersey Department of Treasury.
Good Afternoon New Jersey
There were not a lot of jobs added in pharma. That’s a fact!
Munis Stumble for Fifth Session in a Row
Thursday, March 8, 2012
By Taylor Riggs
The tax-exempt market declined for the fifth consecutive trading day, as this week’s supply is far more than demand.
J&J and Covance have a lot of jobs.
All Hype says:
March 8, 2012 at 4:16 pm
There were not a lot of jobs added in pharma. That’s a fact!
Hi fiveee
clot/There: When you get a chance, can you post again the contact information for your mtg guy? Thanks.
JJ:
J&J has a lot of contract jobs. Covance is a sweat shop for monitors and Project Managers.
Merck is rebadging many of thier administrative assistants
JJ No. 3 Nothing like the safety of taxable 5 year cd yielding 2.00%
3b (6)-
Bob Farrell, First Valley Funding (908) 565-1640
RBOB Gasoline futures indicate high pump prices right through Summer, then a steep drop in Sept and Oct. Almost like something is going on in Nov.
“Since February 2010, which was the low point of private sector employment since the recession began, there has been a gain of 67,800 private sector jobs in New Jersey.”
This makes no sense. The stats are completely falsified… there was no way in hell these numbers are true, no way in the last 24 months has NJ created more private sector jobs than the entire period of 1998-2010.
From an old article:
“In fact, in January 2010, the start of the second decade of the new millennium, private-sector employment in the state (3.2 million jobs) was back to the same level as that of January 1998, exactly 12 years earlier.”
http://www.northjersey.com/news/opinions/jobs_040410.html
Jobs: How employment shifts jarred New Jersey’s budget
Sunday April 4, 2010, 7:15 AM
BY JAMES W. HUGHES AND JOSEPH J. SENECA
Looking further at the numbers, NJ still has less private sector jobs now than in January 2000.
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