From Bloomberg:
New Jersey’s Economy Gains, Still Lags New York: NY Fed Data
The Garden State is growing.
New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has since the end of the recession.
The Federal Reserve Bank of New York estimates New Jersey’s economy expanded at a 4 percent annual rate in July while New York state’s advanced by 8.2 percent. Growth in New York City alone expanded at a 3.9 percent pace.
The New York Fed’s coincident index is a single summary statistic tracking current data on employment, real earnings, the jobless rate and average weekly hours worked in manufacturing.
frist. Actually, we’re fifth!
https://www.boston.com/news/local-news/2018/09/05/mass-average-commute-time-increases-to-fifth-longest-in-us
I don’t even mind sending dopey lefties to Washington. In my mind, it’s the lesser of two evils, a better alternative to sending do-nothing obstructionists. Hopefully, they arrive in DC unwilling to to waste their time, energy, vim and vigor, and subsequently forge some sort of collaboration with the few smart people there who can actually do math.
https://boston.curbed.com/2018/9/5/17822408/ayanna-pressley-win-1-bus
These Are the Cities With the Most Ultra-Rich People:
Nice charts showing where the 256,000 folks with more than $30 Million live.
Further chart breaks out the wealth distribution. 2,800 Billionaires!
https://www.bloomberg.com/news/articles/2018-09-06/hong-kong-passes-new-york-as-home-to-the-most-ultra-rich-people
^^^^Nice. If you’re rich, you certainly don’t want to stay in Denmark. If you are ultra-rich, you don’t want to be anywhere near Pumps.
Women accounted for about 35,000 of the ultra-rich last year, a record-high share of nearly 14 percent, the study found. 34,999 are employed by Oprah.
https://www.nj.com/news/index.ssf/2018/09/home_values_in_new_jersey.html#incart_2box_nj-homepage-featured
Only 1 of NJ’s 21 counties has home values higher today than at previous peak, after adjusting for inflation. When I read this I made a educated guess the County was Hudson – and I was right.
Time to pull Abbott statuses, abatement all subsidies from Hudson county. No more letting the rest of the state fund the graft.
So wonderful. I love the smell of entire middle class Latino families being pushed out so a snot nosed 24 year old tech geek has plenty of space for bong hits on weekends. Smells like victory.
Yo! says:
September 7, 2018 at 7:46 am
https://www.nj.com/news/index.ssf/2018/09/home_values_in_new_jersey.html#incart_2box_nj-homepage-featured
Only 1 of NJ’s 21 counties has home values higher today than at previous peak, after adjusting for inflation. When I read this I made a educated guess the County was Hudson – and I was right.
Employment Guess- 189,0000
Employment Actual: 201,000
UE Rate: 3.9%
Earnings up 2.9% YOY
3 Month job gain average 185,000 after downward revisions June and July
If you want to secure a job at MSNBC, I’m wondering if they have a maximum IQ ceiling? It might not be double digits, but I’m pretty sure you can’t work there if you spike above 110, right?
You don’t hear from Pumps lately because he is a seller.
I make a motion that Yo! changes his handle to “Hudson County Fanboy!”
All those in favor?
To add insult to injury, wage inflation is here!
Hahahahahahahahahahahahaahhaahhahaha!
I vote for Yo! to change his handle to “my dick is very small”
https://www.youtube.com/watch?v=BnP_mZAv8gE
“so small”
I miss the good old days when I could drink whiskey, smoke pot, hire strippers, all at parties in my apartment, and I was judged a financial genius. I probably had a quarter pound of black hash in the freezer too.
LOL!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=BnP_mZAv8gE
“so small”
I guess I’m not running for Congress now;-)
Why cant we be like Kalifornia
https://www.nbcnews.com/politics/politics-news/republicans-are-running-tax-cuts-just-not-trump-s-n906691
I’m having grilled hot dogs for lunch…because I can’t think of a reason not to.
…with horseradish cheddar cheese and chili.
Best Cities to be young and broke:
Madison, WI
Grand Rapids, MI
Dayton, OH
Syracuse, NY
Durham, NC
Worst Cities to be young and broke:
Stockton, CA
Santa Rosa, CA
Bakersfield, CA
Modesto, CA
Ruversude, CA
That should probably be Riverside.
My new favorite NJ Transit excuse for a delay. The train was late today because people rode it.
From: “NJ Transit Alerts”
Date: September 7, 2018 at 8:56:19 AM EDT
Subject: NJ Transit Alerts
MOBO train #6214 the 8:59am arrival into PSNY is up to 15 min. late due to heavy passenger travel.
Sent: 8:55 AM
I made sure to tell the people standing next to me (who had no place to sit because NJ Transit did not send a double decker train) that NJ Transit had informed us that the delay was all their fault.
California is a complete mystery to me.
Ask someone to name something they like about this place and they will say “The Weather” – Except it hasn’t rained in 7 months. So there is in fact ‘no weather’..
..or is NJT saying that the passengers taking that train are now a bit heavier?
Gator,
As good as the “it was cold” back when I was taking Raritan Valley. It was 25m late three days in a row. When I complained she said it was due to cold weather. No snow or ice, just 15 degrees. I told her that is strange as it is January in NJ. She did not get sarcasm.
Nothing on job front. It is slow. Start new gig monday. Google asked me if I consider Bay area relocation..hell no. I show up with family and tech market collapses. Job probably did not pay enough to make desirable.
It’s September. In a few more weeks the trains will be delayed because of the leaves. I remember when they first started using that one as an excuse.
Been really busy….new job title!!
The Original NJ ExPat says:
September 7, 2018 at 9:33 am
You don’t hear from Pumps lately because he is a seller.
Got damn my calls were so on point. Can’t wait for the roaring 20’s 2.0!
If anyone is still doubting my calls, it’s time to give it up. The writing is on the wall. This low unemployment rate isn’t overheating the economy either. This is an absolutely beautiful run. The stuff of legend.
1987 Condo says:
September 7, 2018 at 8:32 am
Employment Actual: 201,000
UE Rate: 3.9%
Earnings up 2.9% YOY
3 Month job gain average 185,000 after downward revisions June and July
Awesome share!
1987 Condo says:
September 7, 2018 at 7:01 am
These Are the Cities With the Most Ultra-Rich People:
Nice charts showing where the 256,000 folks with more than $30 Million live.
Further chart breaks out the wealth distribution. 2,800 Billionaires!
https://www.bloomberg.com/news/articles/2018-09-06/hong-kong-passes-new-york-as-home-to-the-most-ultra-rich-people
The right wing nominated a man for the Supreme Court who believes birth control pills induce abortion and you’re going to claim intellectual superiority over Chris Hayes? Lulz
The Original NJ ExPat says:
September 7, 2018 at 9:11 am
If you want to secure a job at MSNBC, I’m wondering if they have a maximum IQ ceiling? It might not be double digits, but I’m pretty sure you can’t work there if you spike above 110, right?
Anyone who quotes the unemployment rate and believes it has any relation to reality is a super moron. Just like the welfare rate which doesn’t include everyone who’s used up their benefits but may still need them, the unemployment rate doesn’t include everyone who stopped looking for work. Or who went from middle manager to gig economy slave.
“This low unemployment rate isn’t overheating the economy either”
New title? Head of Mail Distribution. Those envelopes won’t sort themselves.
Twunt-in-chief?
The Great Pumpkin says:
September 7, 2018 at 2:28 pm
Been really busy….new job title!!
Wow, this strong job market is really amazing. Great call with recruiter for 12 month assignment at Pitney Bowes. Their top rate was $60/hour or less than a peeping janitor makes. Here is a sampling from the 30 requirements. A real shortage of labor.
*Activities include the identification of target acquisitions, building valuation and other financial models, preparing presentations for internal and external uses, managing and conducting buy-side and sell-side due diligence, helping in the preparation and negotiation of certain legal documents, and implementing most phases of corporate transactions.
*Excellent business acumen with the ability to connect the dots between business strategy/initiatives, operational plans, legal principles and financial performance
*Strong financial modeling, problem solving and project management skills
*MBA, preferably with a concentration in finance or accounting (or an MBA with a strong undergraduate degree in finance or accounting).
The judge is correct, Mr Hayes:
https://www.verywellhealth.com/emergency-contraception-4013411
Emergency Contraception
By Dawn Stacey, PhD, LMHC | Reviewed by a board-certified physician
Updated June 30, 2018
Emergency contraception (also known as EC for short) is a birth control option that you can use to reduce your risk of getting pregnant after having unprotected sex or contraceptive failure. Some people also refer to emergency contraception as “the morning after pill,” but you will soon see that there are other forms of EC. Emergency contraception has been available for more than 30 years. It is a safe and effective method of birth control.
What Types of Emergency Contraception Are Available?
Over the past few years, your emergency contraception options have greatly expanded. Emergency contraception is available in all of the following ways:
* Plan B One-Step – a progestin-only 1.5 mg levonorgestrel pill
* Next Choice One Dose – the generic equivalent of Plan B One-Step
* Fallback Solo – the generic equivalent of Plan B One-Step
* My Way – the generic equivalent of Plan B One-Step
Ottoman says:
September 7, 2018 at 2:57 pm
The right wing nominated a man for the Supreme Court who believes birth control pills induce abortion and you’re going to claim intellectual superiority over Chris Hayes? Lulz
The unemployment rate is what it is. I don’t care about the people that gave up. Not my problem. For the people actually interested in working, it’s a damn tight labor market. It’s not overheating the economy because of those people who have given up. Inflation is in check. Thanks for taking one for the team.
If you can’t get a job in the current market, you are not trying at all.
Ottoman says:
September 7, 2018 at 3:03 pm
Anyone who quotes the unemployment rate and believes it has any relation to reality is a super moron. Just like the welfare rate which doesn’t include everyone who’s used up their benefits but may still need them, the unemployment rate doesn’t include everyone who stopped looking for work. Or who went from middle manager to gig economy slave.
Meanwhile DOM and listing price cuts increasing in my area…
Look what you wrote here and think about it. If you are getting compensation at janitorial levels, gtfo of that field right now. They clearly don’t need you if they are offering compensation at that level. This is not a hit on you as an individual, it’s just acknowledging that your field is being screwed. Didn’t people on this board say that teachers should avoid that field because it’s underpaid? Now apply this logic to your field. I hope it changes, but don’t wait too long.
Bystander says:
September 7, 2018 at 3:12 pm
Wow, this strong job market is really amazing. Great call with recruiter for 12 month assignment at Pitney Bowes. Their top rate was $60/hour or less than a peeping janitor makes. Here is a sampling from the 30 requirements. A real shortage of labor.
A friend of mine from California lived here in Boston for over 10 years and then moved back. The first thing he sent me when he got to the West Coast was a screen cap of a network “Weather Girl”. Unlike the East Coast, the on-air weather talent in CA are, from what I could see, busty hot women in tight mini-skirts and heels framed full screen and bending over slightly while the point to the green screen. Like you said, if there is no weather change, how else are you going to get people to watch the weather segment?
I read that in Yuma, AZ (3 inches annual rainfall) people call in sick to work, cancel doctors appointments, etc. when it rains, just so they don’t miss it.
Ask someone to name something they like about this place and they will say “The Weather” – Except it hasn’t rained in 7 months. So there is in fact ‘no weather’..
Idiot. I found a decent paying job, remember? I am just pointing out how little leverage is out there even with this hot job market. I feel bad for those who have extended searches and get desparate because employers are still playing hard ball. What do you do again? You never answer the question so perhaps afraid that people can throw stones at you. I thought it was jr. credit analyst or something, Mr big shot.
https://www.youtube.com/watch?v=-Y2pK_sGjNk
August is peek selling price. Market will be dead till spring.
People cutting list prices are digging themselves a hole. That’s why you price it right if you really want to sell, but greed always takes over with these type. If these people were smart, they would just take their home off the market. You help tighten up the inventory in the market, which may lead to gains, and then try to hit them up next spring or summer. These jokers with their house for sale for 400 days are not really trying to sell and their asking price should be ignored when measuring the market.
NJDepartment says:
September 7, 2018 at 3:31 pm
Meanwhile DOM and listing price cuts increasing in my area…
Bystander,
I would say, but I don’t need people trying to sabotage my career. I’ve said too much about personal life on here.
We know you Daddy was in prison but you can’t tell us what amazing skills you have that makes you bulletproof in this market..right.
Pumps job title is Paranoid Blog Commenter
I think he is a landscaper. isn’t he
He might not work at all. I can’t see him making enough money to cover day care.
You know the taxes I can afford, and the fact that I bought a house most could not afford as my second home at the age of 31. Add in the fact that most people my age at the time of purchase when I was 31 were living in their parents basement or needed a roommate to afford rent. 2011 were tough times.
The fact that I was able to achieve this with a Dad that went to prison says it all about the character of myself and my siblings. We all are millennials, and all own two properties each in expensive nj. My parents went 3 for 3 with their children going on to be more successful themselves at a time when people are questioning the “American Dream” and whether it is still possible. Kiss my a$$.
Bystander says:
September 7, 2018 at 4:44 pm
We know you Daddy was in prison but you can’t tell us what amazing skills you have that makes you bulletproof in this market..right.
http://newjersey.news12.com/story/39046447/authorities-woman-mistakes-dynamite-for-candle-during-power-outage
Imagine how far you might have gotten with an education Pumps.
I think this was the dinner party that CT dynamite lady was at https://youtu.be/0YDo2Ef3Cxw
If you look carefully at the opening scene NY Post headline, I think they are writing about our long island JJ.
Opinions? When did 20% become the norm?
If I don’t tip more than 15%, should I stay at home? – MarketWatch
https://apple.news/AuiDZ5RVVQw-4laNfGb13Wg
Pumpkin should apply for head of accounting at Tesla. He won’t ask too many questions or demand that numbers actually add up.
Oh jeez the arse hole is back! Seriously who talks like that!
Opinions? When did 20% become the norm?
Anyone who appreciates the people who work hard for a living tips well. On my tutoring blitzes when I tutor 5 straight hours after school, there’s a guy at Starbucks who makes my drink the instant he sees me and saves me 5 to 8 minutes. Since they pool tips, I slipped him a gift card last Christmas. There’s a Mexican place (La Costenita) at Hillsborough that I stop at around 8:45, right before they close with my takeout order, most amazing food that holds up after an additional 30 minutes of driving. I give the guy and girl an extra $5 on my $10 order. These are the people that help get me through a 14 hour work day. The least I can do is toss them a couple of extra bucks.
What I don’t get, since when did 15% become a bad tip? I think that’s ridiculous to expect someone that eats out regularly to automatically dish out 20%. Lets say a waiter has three tables per hour and receives a 100 dollar bill from each. That’s 60 dollars an hour at 20%, not including their 2 dollar hourly wage. I’m all for workers, but for waiters to be making 60 plus an hour is crazy. Especially when some of it is cash and untaxed.
I can only imagine how much these waiters are making at a high end restaurant where the bills get to 250 dollars a couple. Waiters can cry me a river when they claim they are underpaid. How they come up with the stat that they only make 20,000 a year is a joke.
P.s. I was a waiter in my college years along with tennis instructor.
Blue Ribbon Teacher says:
September 7, 2018 at 10:31 pm
Opinions? When did 20% become the norm?
Anyone who appreciates the people who work hard for a living tips well.
I call bs on this number from the article.
“Waiters have a median income of $20,820 per year. The next time you tip, remember that.”
Someone that is defending themselves when attacked.
Should I just sit here and say nothing back in defense?
3b says:
September 7, 2018 at 10:16 pm
Oh jeez the arse hole is back! Seriously who talks like that!
3b, oh look, Pumpkin was right again. Oh snap, that makes you wrong again.
“New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has since the end of the recession.”
Hate is a strong word, but I think I really hate this loser.
The reason you are no longer a qb in the nfl is because the nfl realized you suck!
The Deafening Silence of Colin Kaepernick – The New York Times
https://apple.news/AvHMk1uLuS3S1Fo5mzS7wtg
Money talks, bs walks. If he was really a good qb, you think an nfl team wouldn’t be quick to sign him? They want to win and make money. Enough with the bs.
He is a terrible qb. He was bemched and not playing. Then he decides to do his
“Taking a stand.” Ultimate sacrifice…sure. He is a millionaire from the nfl.
Guy doesn’t have to work another day in his life and he is crying about how unfair this country is?
Donate all your money you made from the nfl to your social cause. If you truly believe what you stand for, you would not take a dollar from the nfl you claim to hate.
Let Kap or any other player kneel. I really don’t have a problem with it.
Think of the longterm impact on housing prices. Housing supply is already screwed. Good luck building a house in 5 years. Cost of labor and materials will be insane, and good luck getting high skilled workers to do the job. You are getting hacks.
The baby boomers retiring will finally put an end to excess labor supply. The tides are starting to turn in the labor market. I bet housing beats stocks in the next decade due to labor costs cutting into profit. Increase in wage inflation should directly hit housing due to shortage of supply.
$75,000 a year with benefits, no college needed. Yet many employers can’t fill jobs – Miami Herald
https://apple.news/AEzPbsh_XQoWrYU_aaHe9Zg
Agreed. What pisses me off is how he is monetizing this situation. No respect for this guy.
D-FENS says:
September 8, 2018 at 10:18 am
Let Kap or any other player kneel. I really don’t have a problem with it.
Pumps must be a riot at the neighborhood parties.
Pumkin,
Realizes today’s Miami is not the cheap one of 40 yrs ago. The amount of immigrants, their illegal loot, their passion for speculation has made that place housing extremely expensive for the average worker, add high sales tax, and yes tolls and is not as cheap it was.
Second, those 75,000 yr construction/hvac/plumbing site jobs are $125,000+ with great o/t and union health insurance/retirement package in NYC.
So as always, they CAN’T find people, because they ARE NOT paying enough to attract the people that will do the job, in an area where the cost of living matches NYC within 10% or less.
What’s your UTSA rating, pumps?
BRT,
La Costenita is a cool place, but my colleagues dont like their Mexican food that authentic. Which items are your favorites?
Grim,
Your thoughts?
https://www.nj.com/entertainment/index.ssf/2018/09/nj_home_makeover_mantoloking_beach_house.html
N.J. home makeover: $110K to upgrade a beach house in Mantoloking
La Costenita is a cool place, but my colleagues dont like their Mexican food that authentic. Which items are your favorites?
I usually go Al Pastor nachos. That pork with the pineapple is amazing. Barbacoa is great as well. Same with burritos, I either go Al Pastor or Barbacoa. Occasionally, I’ll go beef tongue, but I prefer the other two. Tripe soup was awesome, but I only had it once on special. Good Chicken Mole as well. The tamales were a let down when I got them. You’re right though, most people want their Mexican Americanized like Chipotle. Funny thing is, I’ve only eaten in house once. I always go take out and the food holds up so well.
Chillie Willies in Boonton.
http://www.restaurantpassion.com/external_pages/nj/chiliwillies14/mobile_index.html
Anyone impaled in the head today? Another NJ transit sh*t show..
The New Mortgage Kings: They’re Not Banks – The Wall Street Journal
https://apple.news/A4CWU2bZCQ1uzw–Lcdoo7w
No one,
Haven’t really played in a while. To be honest though, it’s like riding a bike…give me a day or two to get back into the groove and I should hit 50% on my first avg serve hitting 85-90 mph range. Peak years was prob hitting 105-110…I didn’t have the height or arm length to get controlled first serves in the big boy leagues of 120 or more.
65° out and the leaves are falling just days after Labor Day, summer is over time to close the pool
https://www.wsj.com/articles/u-s-jobless-claims-fell-to-a-49-year-low-last-week-1536237250?emailToken=0b40db0b01671f7607cdc04e6d67c23f7R4KEsquk7K943/1redNATmTuRVJvJnSI383omzq1s2VfXkxge7HzO/AcxjXHJaFkqPgFsQy0gyJTpZlD9EjWICxFnYNnF6TUkYnRM3Q2QA%3D&reflink=article_copyURL_share
“Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969. Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.
“Job openings are plentiful, and the competition for skilled workers is intensifying,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Employers are remiss to trim their respective workforces, particularly in an environment in which attracting and retaining workers is tougher.””
“Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strong-est growth in 14 years.”
The signs are there folks. You can think Pumpkin is full of sh!t, or see the writing on the wall.
Let’s go!!
https://www.wsj.com/articles/house-republicans-push-to-lock-in-tax-cuts-past-2025-1536263008?emailToken=db4d22b7ff27ba5018b5e3c5eafbda9dGIzYxTiJ8bcJoMY2aXzad0Lc05nmBFuWazWxoZWh47x5UiVLmbBxDfNMzxVSmNjGwNg+YoiVxmf4fVbn1rUAPgBdl+QhtCrpCpCaU0Q4jkY%3D&reflink=article_copyURL_share
Economy getting strong.
https://www.wsj.com/articles/u-s-worker-productivity-rose-in-spring-at-best-pace-since-2015-1536237315?emailToken=05c3681668e0e4fea6d0c9f4a4e616382GFNUqHvPi1CeZN1zPrIKegF0qXPh/gFrwXhseIgAKVoCXKc+a5nXl5tX7dbTK1AssKrsJpjzNOhhhgGwmrEPHwEr6VWYzkljlWFWuMzGZsy8ZGtQQbE04Iu1zJJEEN6&reflink=article_copyURL_share
WASHINGTON—A robust economy drove U.S. wages higher in August, new evidence that workers are gaining bargaining power with their employers as the nation’s pool of available labor tightens.
https://www.wsj.com/articles/hiring-picked-up-in-august-jobless-rate-held-steady-at-3-9-1536323579?emailToken=3112c618518788d15caa1063543b490cBzyjubxn0wKLEI38/a8yfXYpHvsDm3pvqAQR+hoDeTrrSoB2VXw8OxsieUmBeZzVzS2iPybypSepa8L6POHh7rtyISvqWVUS0eGACHx6LOHhaelNnxtXE3vNLmZpnREo&reflink=article_copyURL_share
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