NJ adds jobs in Oct – unemployment up to 3.2

From InsiderNJ:

NJDOL: New Jersey Payrolls Grow in October

Hiring by New Jersey employers picked up in October while New Jersey’s unemployment rate edged higher for the month, according to estimates produced by the U.S. Bureau of Labor Statistics. Total nonfarm wage and salary employment in the state increased by 10,200 to reach a seasonally adjusted level of 4,205,800. The state’s unemployment rate edged higher by 0.1 of a percentage point to 3.2 percent for the month, remaining below the national unemployment rate of 3.6 percent. The increase was due, in part, to more New Jersey residents entering the labor force seeking employment.

Looking at the longer term, over the year, October 2018 – October 2019, employment in New Jersey was higher by 30,200 jobs. Gains were recorded in the private sector (+32,400) of the New Jersey economy but losses were recorded in the public sector (-2,100). Since February 2010 (the low point of the last recession), New Jersey’s private sector employers have added 414,100 jobs.

Based on more complete reporting from employers, the previously released total nonfarm employment estimate for September was revised lower by 1,600 to show an over-the-month (August – September) decrease of 1,800 jobs. Preliminary estimates had indicated an over-the-month decrease of 200 jobs. The state’s revised September unemployment rate was unchanged at 3.1 percent.

In October, employment increases were recorded in seven out of nine major private industry sectors. Industry sectors that gained jobs include leisure and hospitality (+5,900), education and health services (+2,300), other services (+2,000), trade, transportation, and utilities (+1,900), professional and business services (+1,100), construction (+300), and information (+200). The manufacturing sector recorded a job loss for the month (-1,400), while the financial activities sector was unchanged. Over the month, public sector employment was lower by 2,100 jobs, mainly at the local level (-1,300).

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

76 Responses to NJ adds jobs in Oct – unemployment up to 3.2

  1. dentss dunngan says:

    First & Second

  2. Libturd says:

    How about that result in New Orleans?

  3. ExEssex says:

    Everyone loves Trump.

  4. PatrioticHillbilly says:

    When a southern or Midwest democrat becomes the candidate I believe that becomes relevant. Until then it’s noise.

    The party and the platform are run by coastal crazy extremists. A pro life catholic, pro 2nd amendment southerner would be labeled a bigot run out of the convention.

  5. Fast Eddie says:

    Have the democrats found a crime yet that will stick?

  6. D-FENS says:

    https://www.nj.com/politics/2019/11/black-nj-leaders-want-to-explore-reparations-over-slavery-in-the-state.html

    A group of black state lawmakers are calling for New Jersey to examine its historic role in slavery and possibly pay reparations to its black residents.

    Leaders of the state’s Legislative Black Caucus on Thursday introduced a bill that would establish the New Jersey Reparations Task Force.

    If approved, the panel would research the history of slavery in the Garden State, any racial discrimination and disparity that stemmed from it, and how the state could help make up for it.

  7. Blue Ribbon Teacher says:

    Warren fighting for Taylor Swift (net worth $360 million and counting) treating her like a victim. That industry made her hundreds of millions of dollars. Ironic that she thinks the record label that owns her songs are evil when Liz probably wants to take a much much bigger chunk of change from Taylor’s earnings.

  8. ExEssex says:

    Drumpf

  9. ExEssex says:

    An overwhelming 70% of Americans think President Donald Trump’s request to a foreign leader to investigate his political rival, which sits at the heart of the House of Representatives’ impeachment inquiry, was wrong, a new ABC News/Ipsos poll finds.

    A slim majority of Americans, 51%, believe Trump’s actions were both wrong and he should be impeached and removed from office. But only 21% of Americans say they are following the hearings very closely.

  10. Juice Box says:

    Path extension to EWR will be a billion dollars a mile with cost overruns. 2.4 miles and you still have to change train at the air-train station. The train should run right into the terminals for that kind of money.

  11. JCer says:

    Juice, exactly but this isn’t about the airport. Think of the land speculation in southern Newark…..Once you have a PATH station that crummy neighborhood due west of the airport will be redeveloped, finger in the air it could be worth a billion dollars to the land holders in the immediate facility.

    Also how else could they gouge you an extra 5 bucks to ride the air train. Think about that for a second for 4 people the air train alone costs about what an Uber from Newark Penn to EWR costs…..

    They should have never built that stupid monorail, they really could have used existing street car technology in use in pretty much every major european city and even enclosed it, run it between the three terminals and call it a day, those street cars are so narrow you can fit one in a 10ft span.

  12. Libturd, the Master Beta says:

    The Newark monorail is a prime example of what happens when you have patronage mills loaded with unqualified leaders made up almost entirely of campaign finance generators and a few large donors. It’s why everything public transit-related is a corrupt money-burning dump. Meanwhile, commercial (private) freight continues to grow and quite profitably as well. Getting back to the monorail. It’s been one giant lemon since the day it opened. Actually, I’m pretty sure it killed an engineer even prior to opening. This project was so bad that about five years after it opened, the PA sued the manufacturer to replace nearly the entire project. The only problem being, that this manufacturer really didn’t have another product, so they pretty much rebuilt the same piece of sh1t all over again. I used to travel a ton for work. I used to take the shuttle bus between terminals after getting stuck twice, once nearly caused me to miss my plane. Now I just park at ABC and a van takes me directly to the terminal.

    Want to see a great monorail? The Air Train from Jamaica to JFK. I frequently fly Jet Blue and just take the LIRR to Jamaica from Penn. During most times, it’s quicker than driving and you need not pay for parking.

  13. chicagofinance says:

    ?
    The EWR PATH is common sense. Both major airports in Chicago have the equivalent. Just do it. The problem is that there is all of the political cookie jar about the neighborhoods etc…… NO! Fcuk off! The right of way exists. There is minimal clearing (if any) needed….. it is so obvious it hurts. $1.7B sounds drastically overstated. How is that possible? ….. nothing needs to be purchased, cleared, tunneled….. WTF?

  14. Libturd, the Master Beta says:

    My guess is that Amtrak and NJ Transit won’t allow the PA to use their existing ROW.

  15. Libturd, the Master Beta says:

    You might recall, after 911, there was a golden opportunity to connect the PATH to the 4/5/6 line allowing a single seat ride from Newark Penn/Jersey City to Grand Central Station. There would be little retrofitting needed as both lines utilized the same voltage and similar sized trainsets. With the WTC reduced to an empty pit, the ROW was there for the taking. Instead, the MTA would not work with the PA. There was a study performed at the time and I forgot the real number, but something like 1/4 of the 456 users were from NJ.

  16. The Great Pumpkin says:

    It makes me sick. It’s human nature.

    Can’t get any major project done privately or publicly because got damn human nature has its dirty hands all over it.

    If you want to get this done cheaply and correctly, have to have someone that will piss off a lot of people while caring about no one except the completion of this project.

    Right now, if you do it privately, they will pocket the money and go bankrupt, never ever finishing the project. Do it publicly, then it won’t go bankrupt, but it will constantly need new funding. Can’t win either way..people suck.

    Libturd, the Master Beta says:
    November 18, 2019 at 1:24 pm
    The Newark monorail is a prime example of what happens when you have patronage mills loaded with unqualified leaders made up almost entirely of campaign finance generators and a few large donors. It’s why everything public transit-related is a corrupt money-burning dump. Meanwhile, commercial (private) freight continues to grow and quite profitably as well

  17. ExEssex says:

    It’s nice to be insulated from the madness.

  18. Blue Ribbon Teacher says:

    Australian company is putting old plastic to good use.

    https://www.youtube.com/watch?v=MTgentcfzgg

  19. Juice Box says:

    re: madness

    Sure you escaped!! So why is it when you add in hypocrisy with sanctimoniousness you get in California they dream up a bullet train to nowhere? Wasn’t the price of that project up to 77 Billion at one point before it was cancelled?

  20. The Great Pumpkin says:

    Everything has a value…sometimes the value hasn’t been invented yet.

    Blue Ribbon Teacher says:
    November 18, 2019 at 4:25 pm
    Australian company is putting old plastic to good use.

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    https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

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  25. Libturd, the Master Beta says:

    Good Morning NJ.

    It’s a beautiful day.

  26. Chicago says:

    Put a sock in it Paul Hewson.

  27. joyce says:

    https://www.nj.com/somerset/2019/11/4-cops-in-this-nj-town-earned-250k-last-year-heres-how-they-gamed-the-system.html

    Among many comments to choose from, I’ll go with this one:

    “Records also showed Rossman working 37.25 hours in a single day, logging 24 hours of union time and 13 hours of overtime.”

  28. The Great Pumpkin says:

    Honestly, this justifies execution. How is this any different than robbing a bank?

    This pisses me off. You know who suffers from this? The worker doing his/her job. Now their career is thrown down the drain. No one in that community will respect them after reading this crap. So messed up.

    Always a few that ruin it for the majority..

    joyce says:
    November 19, 2019 at 9:16 am
    https://www.nj.com/somerset/2019/11/4-cops-in-this-nj-town-earned-250k-last-year-heres-how-they-gamed-the-system.html

    Among many comments to choose from, I’ll go with this one:

    “Records also showed Rossman working 37.25 hours in a single day, logging 24 hours of union time and 13 hours of overtime.”

  29. Juice Box says:

    Vindman is shaking and twitching like he is about to land in a duck boat on D-Day.

  30. Fast Eddie says:

    Juice,

    Is Vindman another witness for the “plantiff?”

  31. Libturd, the Master Beta says:

    “Vindman pushes back on Trump: “I want to take a moment to recognize the courage of my colleagues who have appeared & are scheduled to appear before this committee. I want to state that the vile character attacks on these distinguished & honorable public servants is reprehensible”

    I couldn’t agree more.

  32. Libturd, the Master Beta says:

    Joyce,

    That kind of behavior runs rampant in the public sector. Everywhere you look, there is a similar story. Shame the public doesn’t seem to give 2 sh1ts about it.

  33. Fast Eddie says:

    I couldn’t agree more.

    And what about the onslaught and attacks the left unleashes daily on the administration and those who support it?

  34. Libturd, the Master Beta says:

    Eddie,

    That’s not fake news. It’s mostly deserving. If you want to play alpha dog and act like names don’t hurt. Well, then don’t sling mud first. The fact that Trump lambastes nearly every single person he hires and fires creates a real vacuum for talent. Would you quit your day job to make less money and be a cabinet member only to be expected to fall on Trump’s sword and then be criticized endlessly for it?

  35. Libturd, the Master Beta says:

    Keep in mind, no president has ever come even remotely close to the revolving cabinet Trump has to continually put together? Do you ever wonder why that is?

    Nope. Pass.

    This has nothing to do with the press too.

  36. The Great Pumpkin says:

    It also happens in the private sector. Who are you kidding? Don’t you get it by now…human nature.

    Lib, so what have you taken from your workplace? Paper? Pens? And you are a good honest worker bee. Imagine what one of your co-workers has figured out and is implementing as we speak. God knows how much each private business loses from employee theft.

    Libturd, the Master Beta says:
    November 19, 2019 at 9:50 am
    Joyce,

    That kind of behavior runs rampant in the public sector. Everywhere you look, there is a similar story. Shame the public doesn’t seem to give 2 sh1ts about it.

  37. joyce says:

    Libturd,
    My favorite part is that Internal Affairs cleared them and the prosecutor/state/Feds haven’t done anything. But moving on, here’s an update to one of your favorite stories:

    https://www.nj.com/traffic/2019/11/nj-transit-wins-400m-legal-battle-to-have-insurance-cover-hurricane-sandy-damages.html

  38. Libturd, the Master Beta says:

    Interesting. The funny thing about that particular story is that I actually shared the flood stage tables here which clearly showed the NJ Transit MMC yard would be under water. How did lowly me know and they didn’t?

  39. PatrioticHillbilly says:

    The never ending hoaxes, sham investigations and character assassinations have deterred a lot of qualified people from participating in the administration.

    When Flynn(set up) and Manafort(selective prosecution) the message was sent loud and clear. Challenge the establishment at your own peril. They will attempt to destroy you for doing so. “Thank god for the deep state.”

    Once that transpired I’m sure a lot of people decided the upheaval and potentially never ending legal problems aren’t worth the cause.

    This is the scary new precedent set by wacko progressives. Rather than trying to oppose the other party within the bounds of the democratic process you should now instead use every means to sabotage the government workings.

  40. Joe says:

    “ Foreign buying of US debt is intensifying as European banks ship cash to their US branches who are buying the debt and posting cash at the Fed in the excess reserve facility because of the fear of a banking crisis in Europe.”

    https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/is-the-fed-monetizing-debt-with-the-repo-market-or-is-this-the-mother-of-all-financial-crises/

  41. Libturd, the Master Beta says:

    Interesting Joe. Maybe debt does matter?

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  43. Fast Eddie says:

    Lib,

    Spare me. The progressives and their d1ck-sucking toadies have been doing their version of locked and loaded against anything Trump ever since Hillary was escorted out of the democrat headquarters in a drunken rage the night of the election.

    Go ahead, impeach him and let it die in the Senate. Then what? What’s the next move?

  44. joyce says:

    Eddie,
    Are the majority of people still fat muppets one paycheck from oblivion?

  45. chicagofinance says:

    Is that a chant from the latest National Action Network rally?

    Libturd, the Master Beta says:
    November 19, 2019 at 11:29 am
    Maybe debt does matter?

  46. The Great Pumpkin says:

    If debt does matter, then how do we progress from here?

    For this reason, I’ll take the position that it doesn’t matter, and if it does matter, we are all finished. No idea how this debt would ever get paid in full. So talk of paying it off are meaningless to me.

  47. The Great Pumpkin says:

    Talking trillions here on the national level, and god knows how much at the state and local level. Corporate debt is no better (covered by the govt through bankruptcy law)and proof that private and public sector debate is meaningless. They are one in the same, both guided by the exact same mindsets driven by human nature.

  48. Fast Eddie says:

    Joyce,

    Are the majority of people still fat muppets one paycheck from oblivion?

    They’re fatter than ever as witnessed by my stroll through the mall this weekend. We’re a processed food nation with Type I, II, III, IV, V and VI diabetes. I think they’re two or three paychecks from oblivion at the moment.

  49. Libturd, the Master Beta says:

    We are treating our federal debt much like we treat our state debt (pension and retirement liability). As long as interest is low (or as long as the market is flying and covering our pension expectations), then we need not worry about our debt (or pension payments). But when interests rates rise at a time of crisis, we never make pension payments or care about the debt as we can’t afford to amid public sector layoffs and cutbacks.

    It’s kind of funny and quite ironic to hear the serpents complain about an underfunded pension but rally around a federal debt.

  50. Libturd, the Master Beta says:

    Actually, I could have sworn Sharpton said, “Crack vials matter.”

  51. The Great Pumpkin says:

    Lib,

    Like I said, I don’t know what the answer is for the debt issue. How is the pension debt any different than the social security issue? They are one in the same.

    All I know is that the debt will never have to be paid all at once. So don’t treat the problem as if it does.

  52. D-FENS says:

    Smart

    https://www.thecollegefix.com/video-unruly-campus-activists-shut-down-speech-by-father-of-supply-side-economics-arthur-laffer/

    Rowdy and aggressive activists shut down a speech Monday night at the State University of New York at Binghamton by the famed “father of supply-side economics” Arthur Laffer, who was awarded the Presidential Medal of Freedom in June.

    Various videos of the incident show dozens of students yelling and disrupting the lecture, with one man with a microphone declaring “we are tired of being oppressed and we are tired of getting murdered by this administration,” referring to the Trump administration.

    The speaker goes on to call incarcerations “the modern day slavery of our time” as a fellow activist hands him a bright spotlight that he shines toward the front of the room, apparently where Dr. Laffer is standing. As supporters of the economist move to block the light, many in the crowd erupt with laughter.

  53. PatrioticHillbilly says:

    That’s oblamas legacy. It’s a complete dumpster fire and he knows it.

    A bunch of woke fools who have no life skills but have been programmed to believe it’s society that has failed them. That it has nothing to do with their upbringing or the government schools who failed to prepare them for a global economy. Thin skinned so they relate to safe spaces and collectivism.

  54. The Great Pumpkin says:

    This exactly why I was so afraid of extreme income inequality. It’s too late to fix it now, this generation is rising up. I’m being called a boomer by these lunatic extremists as I try to educate them on various social media platforms. They are becoming social!sts right before our eyes and it makes me sick.

    Price to pay for everything. Should have thrown them a bone. Instead, we have a generation that doesn’t believe in capitalism. Great…

    D-FENS says:
    November 19, 2019 at 1:42 pm
    Smart

    https://www.thecollegefix.com/video-unruly-campus-activists-shut-down-speech-by-father-of-supply-side-economics-arthur-laffer/

  55. Fast Eddie says:

    A bunch of woke fools who have no life skills but have been programmed to believe it’s society that has failed them.

    They’re hurt, angry, trying to fit in and have a purpose. How does one add value to society when they can’t find the confidence and value in themselves? The difference between success and failure is being able to move forward after you’ve been humiliated and defeated not just once, but multiple times. Those on the left don’t debate, they lash out in anger and want you to lower the bar so they can feel as though they’re on equal terms. They’re not fighting for a cause, they’re fighting for relevance.

  56. Libturd, the Master Beta says:

    Funny, if this was 2008 to 2016, you might have just defined the Tea Party people.

  57. Joe says:

    When younger generations rise up against the system and win, they never honor the debt and obligations of the previous establishment. This is why owning private assets are safer than public debt.

  58. Libturd, the Master Beta says:

    Trust me Joe. I don’t own a single treasury or public bond outside of the crap they hide in a few of my 401K holdings.

    As for the ramblings of Gary and the Patriot? You can’t be serious about what either of you post.

  59. The Great Pumpkin says:

    Bingo.

    This current old wealthy generation running the show totally missed the ball of throwing crumbs to the bottom. Instead they maximized profits on the back of labor by sending their jobs away to low cost locations. They naively thought they could get away this because they never witnessed a social revolution driven by extreme inequality. It never happened in their life till now.

    They should have studied the French Revolution. It’s a blue print for what is going on now. The rich and powerful stopped paying taxes, pushed the obligation down on the third estate. The Third estate flipped out when crops failed and sh!t hit the fan. Your end result; the first absolute monarch to have his head cut off. Changing the path of human civilization forever. The age of Kings was coming to an end.

    Joe says:
    November 19, 2019 at 2:47 pm
    When younger generations rise up against the system and win, they never honor the debt and obligations of the previous establishment. This is why owning private assets are safer than public debt.

  60. The Great Pumpkin says:

    They failed themselves. Anyone who blames a teacher or school for not learning IS THE PROBLEM.

    If you are going to take this position that schools failed them for the global economy, why didn’t parents get involved with their public school system and help prepare it for a global economy? It’s just easier to blame schools and teachers, right?

    “That it has nothing to do with their upbringing or the government schools who failed to prepare them for a global economy.”

  61. OK Boomers says:

    Its time for worldwide Carouseling of Boomers.

    https://www.youtube.com/watch?v=_wjXpTDuHiE

    Snipet below, read full article.

    https://www.scmp.com/comment/opinion/article/3038067/why-are-hongkongers-so-angry-because-their-baby-boomer-leaders-are

    Hong Kong leaders who claim not to know what is behind the violence strafing the streets need only look in the mirror. Their arrogance, self-entitlement and ignorance are the ultimate cause.
    But they are not alone, as we are seeing with their counterparts in the West, the United States’ Donald Trump, Britain’s Boris Johnson and Australia’s Scott Morrison among them.
    Whatever the protesters’ demands, at the root is a struggle between baby boomers on one side and millennials and Generation Z on the other.
    I am surprised that the viral social media catchphrase “OK boomer” has yet to catch on in Hong Kong.

  62. ExEssex says:

    9:54 if you see nothing wrong with a government that does nothing but somehow spends more than anyone else spent before, you are more foolish than I thought.

  63. ExEssex says:

    2:23 i read this carefully and decided you have no idea what you are taking about.

  64. The Great Pumpkin says:

    “Here is a hard truth to ponder, Greta: if the great producers of this world whom you excoriate were to withdraw their productivity, wealth and talents—in short—their minds from the world today, your generation would simply perish. Why? Because as children you have done nothing as yet, with your lives besides being born. This is what we expect of children until such time as they can be producers by learning from their elders. You are understandably social and ecological ballast. You are not yet cognitively advanced to replicate the structures of survival of which you are the beneficiaries.
    Children are important installments on the future. We have invested in you. It is you and your smug generation which think they have nothing to learn from the older ones who are failing themselves. Whom do you expect to employ the majority of you if you have neither the job credentials or life competency skills to navigate the world? The future unemployable-skipping- school-on-Friday obstreperous children?
    The truth, as one anonymous blogger aptly put it, is that your generation is unable to work up to forty hours per week without being chronically depressed and anxious. Its members cannot even decide if they want to be a boy or a girl, or both, or neither, or a “they.” They cannot eat meat without crying. I might add that your generation needs “trigger warnings” and “safe spaces” as pre-conditions for learning in school. Its members have a pathological need to be coddled and protected from the challenging realities of life. Your generation is the biggest demander and consumer of carbon spewing technological gadgets and devices. An hour without any of them and too many of you succumb to paralyzing lethargy. Your generation is the least curious and most insular set of individuals one has ever encountered. Your hubris extends so far that you think you have nothing to learn from your elders.”

    https://www.waynedupree.com/professor-jason-d-hill-greta-thunberg/

  65. Libturd, the Master Beta says:

    What’s amazing is that Greta is even a story. The right’s decision to alienate and slander everyone under the age of 50 is almost as stupid as building a useless wall.

  66. ExEssex says:

    3:43 no Wall has actually been built, something like 17 miles of “replacement fencing” has been stalled.

  67. ExEssex says:

    *installed

  68. Libturd, the Master Beta says:

    All they’ve done is move demand forward.

  69. Mike S says:

    Reduce spending by 1% a year – it will eventually balance..

  70. Bystander says:

    Nah, Eddie’s 700b military blankie would have not of it. It is for the soldiers after all.

  71. The Great Pumpkin says:

    Not possible, unless you want to crash the economy. Talking about a 10% reduction in govt spending over 10 years. Add inflationary costs to the equation, and almost impossible.

    Mike S says:
    November 19, 2019 at 5:50 pm
    Reduce spending by 1% a year – it will eventually balance..

  72. The Great Pumpkin says:

    I can’t stress this enough. People drastically underestimate the cost of running and maintaining society.

    Remember, that debt means we are not even paying the current cost. Been doing this for decades on end. Just hope the Fed can keep it going.

  73. ExEssex says:

    Retiring in Bali:

    The cost: Bronson says Bali is fairly inexpensive, noting that you can “live simply on $1,000 a month” and “live very, very comfortably on $3,000 a month,” which, she adds, means you go out to dinner with wine multiple times a week. (Other blogs provide similar calculations of the cost of living, with most people said to be living pretty well on about $2,000 a month.)

    Bronson says her monthly expenses include $100 for electricity, city water and internet; $25 for gas for the house and drinking water; $15 for laundry. Her groceries cost about $75 a month, she says, noting that she purchases them from a traditional market and has “simple tastes,” eating mostly fruits and vegetables. “If you buy organic produce, eat meat every day, and drink a lot of alcohol, your food and beverage costs can approach Western prices,” she adds. If you want to go out to eat, you could spend a ton, she says, noting that “there are high-end restaurants where the cost of a meal and drinks can exceed $100” for a couple. But most restaurants are far less expensive: “You can have a delicious meal and two cocktails or two glasses of wine for under $20.”

    When she first moved to Ubud, she rented a place for $500 a month. Five years ago, she entered into a 15-year lease on an older two-bedroom house for a total of $60,000, including furniture and other extras, she says. (There are laws about property ownership by foreigners.)

    All told, Bronson says her expenses are pretty low, since she paid for her house upfront. “My monthly expenditures hover around $500 for food, utilities, staff, home maintenance, transport, and entertainment,” she says. However, travel back to the U.S. — which she does roughly every nine months — can be pricey, ranging from $900 to upward of $2,000.

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