From the Record:
N.J. job growth last year best since 2000
New Jersey added nearly 61,000 jobs last year, the best year for private-sector growth since 2000, according to the U.S. Bureau of Labor Statistics.
The gains continued into the new year, with 12,600 jobs added in January, bringing the unemployment rate to 4.6 percent, the state Department of Labor and Workforce Development said.
But the monthly jobs report relies on surveys and is considered preliminary. The annual employment data comes from the labor bureau’s benchmarking process examining records, making it the authoritative source.
Gov. Chris Christie, who has come under criticism for his fiscal stewardship of the state’s economy, celebrated the jobs figures Monday during a visit to LG Electronics in Englewood Cliffs. During his seven years as governor the state has added 313,100 private-sector jobs as it recovered from the Great Recession, he said. Christie pointed to the employment figures as validation of his conservative policies of rejecting tax increases while offering generous business tax breaks.
“What you’re seeing here is the effect of seven years of policies now going into effect,” Christie said.
The job growth, coupled with a high labor participation rate, means New Jersey is “winning on both sides,” he said.
Christie took office in 2010, a year after the recession technically ended, and inherited a 9.8 percent unemployment rate. The current rate of 4.6 percent is just below the national average of 4.7 percent. That, along with New Jersey’s job growth last year, should put an end to reporting that the state has lagged in the economic recovery, Christie said.
“I think we should stop the continuing drumbeat that somehow New Jersey has underperformed from a jobs perspective,” he said. “New Jersey is outperforming the nation in 2016 in job growth and outperforming the nation in terms of unemployment rate as well.”
Good Morning New Jersey
snow shoveling jobs.
@PaulKrugman
And here we go:
CBO estimates Trumpcare would save <0.2% of GDP and lead to 24 million losing insurance.
But freedom
…more like a cum back….amirite??!
Hey puzzy
Oh, and as Kogan noted in another paper, CBO’s estimates are almost surely too pessimistic on interest rates, so that the long-run budget outlook is even less scary than it appears.
So what’s going on here? I can’t believe that CBO staff were confused about these issues. What it looks like, I’m sorry to say, is the first indication that the new, GOP-dominated CBO is in fact going to be politicized, engaging in deficit scare tactics when that suits the majority, pro-tax-cut scoring, and more.
I guess Krugman has no problem with the CBO when it suits his ideological view.
shovel-ready snow shoveling jobs.
2000 – dot.com bubble
2016 – dot.cum bubble?
…more like a cum back….amirite??!
Obama surveillance
Of Trump explained
https://m.youtube.com/watch?v=hcWYpmch0Ng
32 degrees and raining here it’s going to be a slush mess to shovel. I am glad I did not spring for that $1,400 three stage snowblower.
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Looks like it’s pretty much over at this point.
If you have wondered what shoveling concrete is like, this will give you a good appreciation, once the temps drop tonight it will become solid. This is probably the time to start shoveling in the rain.
After 10AM in Bridgewater this storm turned out to be sort of a flop. But it was pretty bad from 8AM to 10AM.
A convicted mobster’s road-rage fit has now got him parked in jail.
http://www.nydailynews.com/new-york/exclusive-n-mobster-jailed-road-rage-fit-caught-vid-article-1.2997060
Jerry Balzano — out on supervised release for racketeering conspiracy — was driving upstate when another motorist apparently did something he didn’t like, according to a new bombshell video obtained by the Daily News.
Video from the other driver’s dashcam shows the alleged soldier of New Jersey’s notorious DeCavalcante crime family in front of a driver traveling in the left lane.
Balzano slows down, then gets out.
Aging Bonanno family underboss sues city over falls in prison
Dashcam video shows wiseguy Jerry Balzano leaving car before allegedly assaulting motorist during road-rage incident.
Dashcam video shows wiseguy Jerry Balzano leaving car before allegedly assaulting motorist during road-rage incident.
“You want to play f—— games, you little c———,” Balzano says.
“You want to cut me off like a tough guy?” he adds.
The profanity-laced assault can be heard — along with the driver’s wife frantically calling 911.
Dashcam footage shows a car driven by Jerry Balzano cuts off a motorist on Route 17 in New York state.
Dashcam footage shows a car driven by Jerry Balzano cuts off a motorist on Route 17 in New York state.
“Someone is hitting my husband!” she says, before a thud can be heard. “Oh my gosh!”
Tragic mob-linked past doesn’t help fraudster avoid long sentence
Another driver stops and tells Balzano to go back to his car.
Balzano, 54, is seen getting back into his vehicle and driving off — even though he didn’t even possess a valid license to drive a car.
Not sure if it’s still the case but the historic problem with CBO was static scoring.
Basically, they isolated the one variable under consideration and assumed no further behavioral changes.
To illustrate with the extreme, pass a gas tax of a two bucks a gallon. They’d assume the same amount of gas sold (no pullback by consumers due to the drastic rise in price) times the increase to produce a ton of new revenue, which revenue would obviously not happen.
Their forecasts have frequently been off, both left and right, and static scoring is generally the reason. There is a somewhat liberal bias in there, unintentionally on their part, in that the left usually favors higher taxes (so thereby gets full credit) while the right’s tax cuts get no stimulative credit. That is mostly a margin issue though around the bigger static scoring problem.
In Puzzy’s dictatorship, everyone would have insurance and it would cover everything, food, housing, medical care, s3xual partners, video games, wireless devices. And it would all be funded by someone else, the only cost is wishing. Puzzy will be assigned the job of junior knob polisher by the Bureau of Selfless Service to Society.
Some guy on CNN this morning made an interesting argument trying to reframe the discussion. Shifting the focus from overall coverage to total care. It makes sense – what good is having ultra high deductible coverage if you can’t afford the cost of care? So, Obamacare is very successful if measured by total coverage, but not so successful if measured by care provided.
Snow never stopped by me inNW NJ. Still coming down hard as of this moment.
Rain/Snow will be ending soon.
http://www.accuweather.com/en/us/northeast-region/weather-radar-interactive
I cleared the slush in no time flat, just hoping tonight’s freeze won’t close the roads and schools.
Bye Bye beaches.
https://twitter.com/JSHurricaneNews
At what point to we just let the beach do what it wants?
That’s millions and millions of dollars washing out to sea.
That is one of the Army’s longest projects washing out to sea.
Manasquan inlet to Barnegat inlet, 14 miles of beach replenishment. Target completion date 2065.
Total Estimated Cost: $513.9 M (Not funded yet)
http://www.nap.usace.army.mil/Missions/Factsheets/Fact-Sheet-Article-View/Article/490786/new-jersey-shore-protection-manasquan-inlet-to-barnegat-inlet-nj/
Still snowing
Stopped around 15:00 in the Morris Co. foothills. I’d say 10-12″ accumulation. Seems like it was more frozen mix than was predicted, which really takes away from the accumulation number (1″ of rain ~= 10″ of snow).
Then again, a friend says weathermen and their winter storm predictions are like lounge lizards on Ladies Night — vastly overstating the number of inches and the severity of the pounding.
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I was home today here in Boston (West Roxbury) and decided to go with a “two pass” driveway/sidewalk snow throwing plan. About mid-day we had at least 6 inches of heavy, but not slushy snow on the ground but there was a prediction for a changeover to snow/rain mix at about 2PM. I cleared everything (including our elderly neighbor’s walk, sidewalk and driveway) while probably 2 more inches fell, bringing us up to 8″ or so. After going back inside it was announced that there would be no school in Boston tomorrow too, so that meant nobody had to get out of the house early tomorrow so I was considering just leaving all the rest until tomorrow. I (wrongly) thought, who cares about a little rain on top of 4 inches of snow. I went out around 5PM and realized this was the heaviest snow/slush you could ever wish for (if one actually wished for such things). I fired up the snow thrower and finished the job while it rained lightly in 36-37 degree temps. If I didn’t do that first pass earlier, I would have been up a certain creek without a paddle, only a back-breaking shovel work.
So I cut cable so I can’t see what Rachel Madodw is releasing but this coming out of the Whitehouse suggests Damage Limitation
“The $38 million was in addition to “paying tens of millions of dollars in other taxes such as sales and excise taxes and employment taxes,” a White House official said.”
I’ll bet Rachel Maddow farts. A lot. Those faces she makes and the way she talks out of the left side of her mouth can only come from a lifetime of frequent farting.
I watched it at the request of my wife. How embarrassing for her. It was almost as bad as when someone first told Colbert on election night that Trump might actually win. I haven’t witnessed that much conjecture since the birther movement blew up on FoxNews.