NJ adds jobs at a lackluster pace

From the Record:

New Jersey’s unemployment rate holds at 5.3 percent

The New Jersey economy generated 2,700 total jobs in September, according to preliminary estimates from the U. S. Bureau of Labor Statistics, continuing to produce jobs at a moderate, unspectacular pace. The jobless rate, which had risen the previous six months, was unchanged at 5.3 percent.

The state added 3,300 private-sector jobs last month, while the public sector retrenched, losing 600 jobs.

The Bureau of Labor Statistics also said employment growth in August for private-sector jobs was revised up by 1,500 to show an over-the-month employment gain of 3,700 jobs.

While the jobs gain was positive, one former state economist said the overall numbers presented “a dull report.”

“I would say this is pretty much a status quo report,” said Charles Steindel, who served as state economist under Governor Christie and now is now resident scholar at the Anisfield School of Business at Ramapo College of New Jersey.

“It’s really humdrum,” Steindel added. “The unemployment rate is about where it’s been basically…a little elevated, but nothing spectacular.”

He said the additional jobs eliminate losses sustained in the July report, bringing the state employment picture back to where it was in June.

James Wooster, chief economist for the state Department of Treasury, saw a more positive trend in the most recent report.

“In the 12-month period ending September, the Garden State’s private-sector employers added 54,200 jobs, Wooster said. “We’re encouraged by the positive employment trends and confident that as employment opportunities continue to grow, so, too, will people’s wages.”

But James Hughes, a professor and dean of the Edward J. Bloustein School of Planning and Public Policy, noted that in the first nine months of the year, New Jersey has posted private-sector job gains totaling 12,500. If that rate holds steady, the state will end the year with the lowest pace of private-sector job growth since 2010.

“We still haven’t gotten real traction,” Hughes said.

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

47 Responses to NJ adds jobs at a lackluster pace

  1. D-FENS says:

    Never knew Ombres was a ladies hair style.

  2. 1987 Condo says:

    Per CNBC, huge DNS attack underway

  3. grim says:

    Interesting, I’d been having issues getting to certain websites this morning, wonder if that’s the case.

  4. 1987 Condo says:

    Grim..thoughts? from yesterday:

    Grim, with Duarte in Phillipines saying “US has lost” and him throwing allegiance to China and perhaps Russia, what is impact on US outsourced services there? Seemingly without warning , earlier this Summer, we completely closed our Manilla call center.


    “I’ve realigned myself in your ideological flow and maybe I will also go to Russia to talk to (President Vladimir) Putin and tell him that there are three of us against the world – China, Philippines and Russia. It’s the only way,” he added.”

  5. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    Since we are even politicizing candy now, I suppose today’s offbeat website find is especially prescient.


    Leave it to a guy from MIT. I wonder if it isn’t some huge prank.

  6. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:


    The more ominous portend isn’t that some tinpot is saying “F&ck the US”, it’s that the US is becoming increasingly irrelevant. That has huge implications for our economy, which will impact society as a whole.

    We denigrate Trump for putting up walls. In fact, it will be the Dems that erect them. Literally and figuratively. And it will come faster if the Dems take control of the Congress as their policies will only hasten the trends that will lead to American irrelevance in the world, both economically and politically. As our ability to export erodes, the cry for curbing imports and cheap illegal labor will grow louder. Enter protectionism. But this won’t be your 70’s era protectionism.

  7. D-FENS says:

    I wonder if John’s wife knows he’s speed dating


  8. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:
  9. grim says:

    Grim, with Duarte in Phillipines saying “US has lost” and him throwing allegiance to China and perhaps Russia, what is impact on US outsourced services there?

    Ironically, it’s US outsourced call center industry that has made Philippines relevant.

    More than a million residents are employed by the industry, and it is currently accounting for 27% of all job growth. It accounts for $33 billion in taxes generated locally. It’s just under 10% of their GDP, which makes it the second most important part of their economy by size. Also ironically, the largest part of their economy is foreign remittances, the bulk of which come from the US.

    China will not make up this gap, as it’s nearly impossible to hire Mandarin and Cantonese talent in any volume there. We’ve all tried, it doesn’t work. Not to mention, it’s highly unlikely China will outsource to higher-cost Philippines.

    There are entire regions of the country whose developed existence is due to contact centers, they are the primary employers in many provinces. Large parts of the country would simply collapse.

    I think the most telling statistic of their ability to support their economy sans BPO is the fact the US Outsourcers are the largest employers of college graduates. This is very different from the US, where the typical contact center employee might only have some college. Think about that for a bit.

  10. D-FENS says:

    Joe Piscopo considering running for NJ Governor.

  11. Anon E. Moose, saying 'Come back, JJ' says:

    Nom [09:00];

    I have no doubt hat a significant number of people spend enough time playing miniature Michael Corleone (“Keep your enemies closer”) that they would use that site and make it profitable. It’s the perfect tool for a mean girls queen (wanna)bee.

  12. Grab them by the puzzy (the good one) says:


    The demise of Wikileaks into a pathetic wing of the Breitbart/InfoWars front is one of the saddest things to happen this election cycle.

  13. Grab them by the puzzy (the good one) says:


    Never underestimate the depth & desperation of Trump’s humiliation at losing to Clinton.
    Revenge will be his obsession for rest of his days.

  14. 3b says:

    Grab: far more humiliating to Hillary that she may only win by a few percentage points over trump. Not to mention Obama bested her in 2008.

  15. lost says:

    Yes, what happened? And it happened pretty damn quick. Infowars or anonnews are complete jokes. It’s sickening to see people eat up those conspiracy stories. Just sending out a bunch of useless information getting the population even more confused on what is truth and what is reality.

    Grab them by the puzzy (the good one) says:
    October 21, 2016 at 10:16 am

    The demise of Wikileaks into a pathetic wing of the Breitbart/InfoWars front is one of the saddest things to happen this election cycle.

  16. Steamturd thinking Cankles should be included in the hyper incarceration (The good one) says:

    “The demise of Wikileaks into a pathetic wing of the Breitbart/InfoWars front is one of the saddest things to happen this election cycle.”

    Maybe there’s not much to find on the other side of the aisle. No homo.

  17. Comrade Nom Deplorable, now accepting asylum applications says:

    Steam, wasn’t that Pump n’ Dump’s batter in a can stock pick?

    In other news, I find it ironic that it will be Clinton and the democrats that will go out of their way to violate as many of these Articles as they can.


    In a related note, when I start hitting links for stories on the Clinton “exit tax” proposal (not searched on Google as I actually wanted to find the stories), I keep finding “404” on mainstream media sites.

  18. nwnj3 says:

    Sorry to break it to anyone invested in the “news” industry, but the fact that the fringe news sites and wikileaks now have more credibility that the mainstream media says more about the death of the mainstream media than it does wikileaks. That precedent has been set with this election cycle and I think will continue.

    The other casualty of the all out collusion to elect Hillary is the FBI. That organization has sadly lost all credibility and that badge now is now tainted and carries the stigma of political hack.

  19. nwnj3 says:

    Without any supporting facts whatsoever, saying Trump made a pass at me 20 years ago now gets you on the front page of the NY Times. Isn’t that pretty much the journalistic standard of the enquirer?

    Yes, it is. News is now made and not reported.

  20. D-FENS says:

    Progressives might be better served letting Trump win and trying again in 4 years. If Hillary is elected, it is increasingly unlikely she will be able to govern effectively.


  21. Juice Box says:

    Re: the MSM.

    It is no different than the regulatory capture the banks enjoyed before the crash. The wealthy want you dumb and poor. Nothing ever changes.

  22. Comrade Nom Deplorable, Doubting Thomas says:


    This has to be my last word on the subject, but the trend is not MSM’s friend.


  23. Anon E. Moose, saying 'Come back, JJ' says:

    “The demise of Wikileaks…”

    But hey were DA BOMB in the beginning when they were going after Republicans on Gitmo and hacking Palin…

    Pathetic hacks (@goldengateblond and @puzzy both…).

    If you only support free speech that’s popular, you’re a coward;
    If you only support free speech you agree with, you’re a hack.

  24. Anon E. Moose, saying 'Come back, JJ' says:

    Just a point, there is no book on “lost” posting after midnight Nov 8, 2016. Em’s job done, they surely are getting RIFed to go collect unemployment.

  25. Essex says:

    Conservative thinkers.

  26. Wanderer says:

    Abiez/Zieba (from yesterday) –

    Interesting about the lease takeovers. Do you have sites/companies you can recommend? Any pitfalls, tricks, fees, etc. I should look for and can avoid? Can one acquire the car at lease end?

  27. Steamturd thinking Cankles should be included in the hyper incarceration (The good one) says:

    Zieba…JJ always touted those lease deals. Of course, with the caveat that none of the popular websites allowed one to filter for cars containing plush velour interiors.

  28. lost says:

    Lmao….look at this crap. And you have idiots eating it up. They are making money, just like zerohedge, or any other bs website.


  29. lost says:

    Look at this crap. You know how many idiots are going to now think we are going to war with Russia? This is not good for us or our society. Just more misinformation being shoved down people’s throats.

    “NEWS Russia Deploys Entire Northern Fleet To Syria For War

    (ANTIMEDIA) Moscow is sending a blunt message to its American counterparts by dispatching a major aircraft carrier battlegroup to conduct operations in Syria, while another Russian spy ship appears to be surveying underwater internet cables in the region.

    The Russian aircraft carrier, Admiral Kuznetsov, is currently conducting live-fire exercises with its escort vessels between Scotland and Norway and is expected to remain on-station off the coast of Syria for at least four months. It is leading a fleet of eight Russian ships.”


  30. Not Losted says:

    Not Lost, I posted these a few days ago. Is well known in the intelligence community. What alternative websites (left or right ) post is another matter.

    Not 3B says:
    October 15, 2016 at 10:37 am

    I mentioned yesterday that if Clinton gets in, its going to get hot right away. I would not be surprise if something happens post election/before swearing for even more chaotic effect.

    Putin has a personal thing against the Clinton, because of what he perceived Bill Clinton lied, aided and abetted in hurting Russia and I’m betting that he’s going to do everything in his power to make sure Hillary’s term is a disaster.

    The List is big:
    -Expansion of NATO into H.W.Bush agreed not to expand.
    -The break-up of Yugoslavia/Croatia/Serbia mess.
    -The support of the 5 Oligarch that brought Russian citizens to their knees, and screwing around by the US into Russian election ( There is actually a moie “Spinning Boris” ). (kids living in the Moscow sewer / over 90% of the kiddie p0rn out there came from Russian during this time / First thing Putin did was pick them up and put them in military schools)
    -The attempt by Hermitage Fund to steal Russian gold. They wanted to do with Russian Gold what DeBeers did with Diamonds in South Africa.
    -The Neo-Con rearrangement & control of the Middle East and trying to by-pass Russian Oil/Gas to Europe. This is a big one. Europe is moving to all natural gas and renewables. The gas comes from Russia and with it control/money. Part of the mess with Syria is that the neo-cons wanted to build gas pipelines from Quatar through a (post Assad) Syria into Europe. Again bypassing Russia.

    In short, Putin has a bug about the Clinton and he’s going to match them toe to toe and check mate them if she wins from the day after election on.

    Back inthe USSR Cold War says:
    October 13, 2016 at 1:11 pm

    The whole mess with Russia will end in a shooting war, how big or limited who knows. Is logical and based on facts. So the list.

    -Hillary needs to prove she has balls – her Thatcher – Falkland Island moment.
    -Russia has 5 issues – 1-War is good for Putin & nationalism -2- Wants to make very clear this is a multi-polar world and Russia is open for business vis a vis pacts and alignements like the cold war period. 3- After the Iraq debacle Putin sees the ability to re-arrange the Middle East with a tilt toward Russian control (same ideas Neo-Cons had) but unlike the West, Putin is skilled, brutal & savaged enough to do it – his time’s up clock is ticking in Moscow, so he needs to perform (see #1). 4- Putin really has a bug about the US neo-cons/ Yeltsin’s oligarch/ Hermitage Fund (see #5) 5- Russian nationalism, antisemitism, the Clintons and love of conspiracy theories – Yeltsin was a crook who sold out Russia, the ones that bought most of it known as the 5 oligarch were all jewish. It is well known Russia went thru hell in the 90’s, the Clintons aided and abetted the oligarchs. Putin sneaked in and outsmarted the oligarchs by reactivating, building, and making extremely wealthy the old KGB infrastructure. These guys were always very nationalistic and want revenge for the perceived losses of the post cold war period. They and Putin in general feel the USA needs a tough conterpart, a ying and yang, otherwise you get the mess of the middle east.

    So that is where stands now. Look up The Geographical Pivot of History in Wikipedia. What to look for is that Russia wants to realign the the Middle East its way. Bomb to ashes the whole bunch of goat & camel f’rs. In short Putin is going to do the job we did not want to do because of business ties with Saudi Arabia, Kuwait, UAE, Qatar which are the f’rs financing the AQ & ISIS. The price for this is loss of control of M.E. and that means Israel better get used to new neighborhood master.

    The fight will happen because Hillary is vested in the neo-con world, and can’t see we have outlived the need to be anywhere in the ME for energy, only thing holding us there is the Israel 1st crowd, and the Wall Street/ME financial links.

    Trump whether aware of the above or not, simply by moving away from the ME and concentrating at home will do better.

  31. Essex says:

    Our lesders are just figureheads. They govern by consensus of corporate interests.

  32. Steamturd thinking Cankles should be included in the hyper incarceration (The good one) says:


  33. lost says:

    There is no war with Russia coming. It’s too costly for each side. Why would the wealthy from each side risk giving it all up in a global conflict between superpowers?

  34. lost says:

    And I refer to wealthy, because wealthy control every govt in the world. If the wealthy don’t want to go to war, there will be no war. A war with russia or china, will hurt both sides more than there is to gain from a win.

  35. abeiz says:

    wanderer 1:10,

    I usually end up finding deal on Swapalease. When a lease is nearing end, I’ll casually scan Craigslist for “lease transfer” and “lease take*over”.

    Most of the caveats are centered around the fact that you are most likely picking up a car for <18 months, and any overhead costs such as transfer fees and lease disposition fees capitalize over a much shorter amount of time (it can add up). Luxury brands will have $500 fees to transfer lease into your name and $400+ disposition fees on the back end. I like Ford because it costs $75 for me to transfer the lease to my name and there are no disposition fees on the back end. I believe Nissan/Infi/Toyota are are around $250.

    If something looks interesting and is priced well, I'll reach out to the seller and chat with them a bit. I ask about their circumstance and get a feeling for whether their story adds up. This is also where I'll inform them of my stellar credit, how I've been approved in the past, and see if they can toss some cash at the deal.

    The transfer process can take up to six weeks as the leasing company generates a new title documents with your name on them, which it then sends to the DMV of your choice. At some point during this process, ownership and liability for the vehicle is officially transferred to you, but the car is still with the seller. You have to be okay with this. I'm either getting lazy, or sloppy, but picked up the last two cars sight unseen. I show up, do a walk around, shake a hand, slap a plate on it and drive it home. If there's one tip I can give, and I insist on this concession, is that the seller not drive the car while the transfer is in process. Helps to limit grey area liability and also there's no surprise as to the remaining miles when picking the vehicle up.

    Post transfer you are the new lessee, Your name is on all documents and you are free to set up access to the leasing company's payment web portal, or make arrangements to purchase the car at lease end. You can step into a very short lease, say four or six months, with the intention of purchasing the car at lease end.

    Lastly, for even shorter term rentals there's a website called Turo. Turo members list their daily drivers for rent on an hourly or daily basis. It's a crazy idea to have strangers wail on your car for a day, but there's a market for it. We were thinking about purchasing up a Mini Countryman. Through Turo, we found a woman in Weehawken who handed us the keys to her manual Countryman S ALL4 in exchange for $62. We did a day trip to Bucks and halfway there knew that this was not the car for us (we found cabin materials quality, ergonomics and noise to be subpar). When I was done running through the gears to PA and back I asked her why she rents. She said that weekend rentals basically pay for her lease, and a bit more takes care of her parking. Liability issues aside, it's not a dumb way to keep a car in the city.

  36. Steamturd thinking Cankles should be included in the hyper incarceration (The good one) says:

    “Liability issues aside, it’s not a dumb way to keep a car in the city.”

    Until the renters fart on your plush velour.

  37. Juice Box says:

    Fatman in Trouble?

    Former aide testifies Christie knew about bridge closures plan


  38. Steamturd thinking Cankles should be included in the hyper incarceration (The good one) says:

    What the hell is a longevity bonus?

  39. Wanderer says:

    Abiez – much thanks! Appreciate the details and especially the side negotiations that can be done. Not thrilled about the transfer/disposition fees on the luxury – I know I have the hefty disposition fee on mine and am hoping I can negotiate that away if I end up going through a dealer again.

    The grey area liability is a bit concerning. I presume my insurance kicks in some time during the DMV transition period so if anything happens while the seller still has the car it’s on me. Do you put together something in writing during this period where the liability remains with the seller? (Not that I think that it could be binding or enforceable correct?) Since you don’t mention about the engine stuff and are ok with just a visual when you pickup – I gather that’s because the car is still under warranty for the mechanical stuff correct?

    Many thanks again for the insight!

  40. Cankle Incarcerator says:

    Longevity bonus – the longer you stay the more you get paid. Usually appears either as steps that you climb based on yrs – like Federal Govt. Is abused by political machine towns. Look up the list of 100 over 100K in retirement and all of them, except certain positions come from political machine towns where you get to the good money as cop/firemen by riding the steps in the ladder, plus promotions.

    In certain non-profits, the retirement plan is boosted to retain researchers, scientist and physicians, but doing the same – below copy/pasted is the 403B from The Rockefeller University in East 66St.


    The University contributes the full amount into your Retirement monthly. Once you have completed two years of service, the University will contribute the following percentage of your annual salary into a Retirement Annuity through TIAA: 1-10 years of participation – 6% to the FICA wage base/11.7% above the FICA wage base; 11-20 years of participation – 8% to the FICA wage base/13.7% above the FICA wage base; 21+ years of participation – 14.3% to the FICA wage base/20% above the FICA wage base. Under certain conditions, the waiting period may be reduced or waived and prior years of participation may be counted toward the contribution schedule.

  41. abeiz says:


    I know you can insure a car whether or not you have it in your possession. I also know that more than one person can have an insurance policy on the same vehicle. I know this because I sold a car a while back and then kept minimum (storage) coverage on it for some time as it was cheaper to have two cars on policy.

    I don’t ask the sellers sign anything. It’s not the most buttoned up way of doing it, but it hasn’t bit me in the arse yet. I actually think the liability is with me, and not the seller, since the car is not in my driveway and not registered to me. The more savvy sellers ask me to sign a release waiver at pickup, which is just good practice (picked up the car here and here on so and so date, looks ok).

    As far as the cars? Unless I grossly misjudged the person and the story I’ve been fed is bs, not much can go wrong with a one or two year old car that isn’t covered under warranty.

  42. Steamturd thinking Cankles should be included in the hyper incarceration (The good one) says:

    Apparently, everyone in Montclair earns them too.

  43. Comrade Nom Deplume, American, for now says:

    Came across an old Guardian article written by one of Rory’s fellow travelers and countrymen, criticizing, as Rory does, gun ownership. It was the typical screed but something he wrote just galvanized me:

    “Half the country is sane and rational while the other half simply doesn’t grasp the inconsistencies and historic lunacy of its position, which springs from the second amendment right to keep and bear arms, and is derived from English common law and our 1689 Bill of Rights. We dispensed with these rights long ago, but American gun owners cleave to them . . .”

    The author states quite clearly that the British “dispensed with these rights long ago” and sees that as a good thing, and to not give up these rights is “lunacy.”

    In “The Honourable Schoolboy” by LeCarre’, Gerald Westerby (MI6) meets with a CIA handler at the end of the Vietnam War. The American is morose about the outcome and sarcastically tells Westerby that the British now have company in the “second-rate power club”. The Guardian writer would have applauded that sentiment.

Comments are closed.